A client operating a corpration, has advanced purchase paid by self, set transaction as a bill, now to pay it, i have to set it up as a shareholder advance, how do i clear the vendor payable, since i cant use the bank. John

Hi there,

Thanks for reaching out to us here. I'll be glad to share more info so you're on the right track with recording your transactions. 

Recording your transactions the right way is essential for ensuring your books remain accurate. I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in.

In the meantime, feel free to check out the following resource:

• Create journal entries in QuickBooks Online

Let me know if this info helps. I'll be a message away.

Thanks for the information.  In the past i always used journal entries to post expenses paid by corporation president, and set up the GST on the journal entry, however you know GST isn't suppose to be posted this way.  Previously just adjust the GST payable to bring these journal entry taxes incorporated in the quarterly return.

Thank

John