LIMITED TIME OFFER get 90% off for 6 months
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Accept credit card payments in QuickBooks Online.Explore QuickBooks Payments
jones67xx
Level 1

I buy most of my stock from carboots .I upload a cash receipt every time I get back from carboot.At the momment it's coming out of personal funds but how do I link it

So business will owe it to me once in profit

2 REPLIES 2
JoesemM
Moderator

I buy most of my stock from carboots .I upload a cash receipt every time I get back from carboot.At the momment it's coming out of personal funds but how do I link it

You can toggle the type header to Business transaction, jones67xx.

 

While it’s best not to mix personal and business funds, but sometimes you may need to do so. In your case, you can sort the type into Business transactions to show your income and expenses accurately.

 

Here's how:

 

  1. On the Transactions page, review your downloaded transactions.
  2. Click the Type column header and select Business transactions.
  3. For any transactions with the wrong or no category:
    • From the Category column, select the one you want to change.
    • From the dropdown ▼, select a category that best describes the reason for the transaction.


       

 

Once done, the transaction will link to the correct type column.

 

Upon sharing the steps above, I recommend consulting your accountant to ensure your finances are correct and all transactions are recorded properly in QuickBooks.

 

For more tips on managing your QuickBooks Sole Trader account, check out this link: Introduction to QuickBooks Sole Trader. It has helpful articles on tracking mileage and customizing sales forms to help your business run smoothly.

 

Feel free to leave a comment below if you have any other questions. I'm here to help.

ElijahStownton
Level 4

I buy most of my stock from carboots .I upload a cash receipt every time I get back from carboot.At the momment it's coming out of personal funds but how do I link it

If you buy stock at car boot sales and pay in cash, you can log it in QuickBooks as a personal loan to your business, then record the purchase as an expense or bill. Without a receipt, attach a note or photo with the date, price, and item details to keep a proper record. When you sell the items, create a sales receipt to match the income.

Need to get in touch?

Contact us