You can treat the purchase as a loan from your business to track this in QuickBooks Online (QBO), jbc300678.
Since the purchase was made with your personal funds, we'll treat this as a loan you made to your business. First, you'll need to create a liability account to track this. This will serve as the debt the business owes you for the laptop. Here's how:
- Go to the Gear icon and select Chart of Accounts.
- Select New account to create a new account.
- From the Account Type dropdown, select Non-current liabilities. If you plan to pay off the loan by the end of the current financial year, select Current liabilities instead.
- From the Detail type dropdown, select Notes Payable (or Loan Payable).
- Give the account a relevant name.
- Click Save once done.
Once done, determine the loan balance and record the payment once you're ready to pay back the loan. For the detailed step-by-step process to record a loan repayment, refer to Step 3 in this article for guidance: Set up a loan in QuickBooks Online.
We're here to help if you have any more questions about your loans. We're committed to assisting you in any way we can, jbc300678.