Hi,
As a company director I takeout salary every month from the business account Some time for urgent business expenses I need extra money , how can I transfer some amount of my salary from my personal account to business account. I am the only director of the company.
Hey there, @TN18.
I'm here to provide you with steps on how to record these transactions in QuickBooks.
It's generally recommended to separate business and personal expenses. Although, there may be situations where you need to mix personal and business funds. To record a business expense paid with personal funds, follow these steps:
If you decide to reimburse the money, here's what you can do:
For more information on owners or partners mixing business and personal funds, you can refer to the following articles:
I'll be right here to continue assisting if you have any other concerns or product questions. Assistance is just a post away. Have an awesome day ahead!
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