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How do I add expenses paid for using personal credit card before I had my business card?

So first off I'm new to QuickBooks, I'm using the QBO Self-Employed version. I am a Sole-proprietor LLC. I was wondering how do I add expenses that I paid for using my personal card before my business was officially open and before I had my business bank account? So far I have only added my business bank account onto QBO SE because I wanted to keep it simple. Do I have to add my personal account and than just go through each transaction and select which ones were for business? Also how would I reimburse myself? Any help would greatly be appreciated. Thank you

Solved
Best answer July 04, 2018

Accepted Solutions
Moderator

How do I add expenses paid for using personal credit card before I had my business card?

Hi there Peter_Y,

 

I can help you add the transactions coming from your personal business account.

 

Yes, you'll need to add the personal bank account and manually choose which transactions are for business and personal.

 

Once the personal bank account is added, you can follow these steps to separate the transactions:

 

1. On the left navigation bar, click Transactions.

2. Click the drop-down next to Account.

3. Choose your bank.

4. Select Business or Personal to separate the transactions.

 

For your concern about reimbursing yourself, you'll need the help of one of our Tax Specialists. They have the ability to assist you with recording reimbursement in the system.

 

I'm here anytime you need help with QuickBooks Self-Employed. Don't hesitate to reach out to me by clicking the Reply button below.

 

 

 

 

View solution in original post

1 REPLY 1
Moderator

How do I add expenses paid for using personal credit card before I had my business card?

Hi there Peter_Y,

 

I can help you add the transactions coming from your personal business account.

 

Yes, you'll need to add the personal bank account and manually choose which transactions are for business and personal.

 

Once the personal bank account is added, you can follow these steps to separate the transactions:

 

1. On the left navigation bar, click Transactions.

2. Click the drop-down next to Account.

3. Choose your bank.

4. Select Business or Personal to separate the transactions.

 

For your concern about reimbursing yourself, you'll need the help of one of our Tax Specialists. They have the ability to assist you with recording reimbursement in the system.

 

I'm here anytime you need help with QuickBooks Self-Employed. Don't hesitate to reach out to me by clicking the Reply button below.

 

 

 

 

View solution in original post