I'm fairly new to QuickBooks online, I have found similar posts to mine but not one I seem to understand and that solves my issue.
I have my company account linked up to QuickBooks and this auto-updates, I also have set up Owner Equity Investment and Drawings in my charter of accounts.
I have paid for petrol using my personal bank account(this account is not linked to QuickBooks), but would like to show this as a company expense, How do I show this? I would assume this needs to be done using the Owner Equity Investment but not sure how?
Thank You for the response, that's exactly what I was looking for.
If I was to put personal cash in the company account to top up the balance would I just transfer that amount on the reconcile as an amount paid in by the same Directors Loan Credit Card account to the linked bank account?
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