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Reflect a payment I made from an account that is

Hi! I just don’t know how to reflect in my business quickbook  a payment I made from my personal account that is not linked in quickbook

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Re: Reflect a payment I made from an account that is

Glad to have you here in the Community, pausa180569.

I'm here to help you reflect the payment in your QuickBooks using your personal account.

 

To record a business expense paid for by personal funds, you have to first record the expense, and then you must record the partner or owner's reimbursement for that expenditure.

 

Record a business expense paid with personal funds:

 

  1. Select the Plus icon (+) on the Toolbar.
  2. Under Other, select Journal Entry.

  3. On the first line, specify the appropriate expense Account for the purchase.
  4. Enter the amount of the purchase in the Debit column.
  5. (Optional) Enter a customer Name to associate the expense with a customer.
  6. On the second line, in the Account column, enter the Owner's equity or Partner equity.
  7. In the  Credit column, enter the amount of the purchase.
  8. (Optional) In the Memo field, add Reimbursable to help you identify the transaction later.
  9. Select Save and close.

Record the reimbursement as a check:

 

  1. Select the Plus icon (+) on the Toolbar.
  2. Under Vendors, select Check.

  3. (Optional) In the Choose a payee field, enter the name of the partner/owner.
  4. Select the Bank Account you are reimbursing from (you can also use petty cash).
  5. In the Account column, select Partner's Equity or Owner's Equity.
  6. Enter the Amount of reimbursement.
  7. Select Save and close or Save and new.

Record the reimbursement as an expense:

 

  1. Select the Plus icon (+) on the Toolbar.
  2. Under Vendors, select Expense.

  3. (Optional) In the Choose a payee field, enter the name of the partner/owner.
  4. Select the Bank/Credit account you are reimbursing from (you can also use petty cash).
  5. In the Account column, select Partner's Equity or Owner's Equity.
  6. Enter the Amount of reimbursement.
  7. Select Save and close.

You can get more details in this article: https://quickbooks.intuit.com/community/Help-Articles/How-to-pay-for-business-expenses-with-personal....

 

That's it! Drop me a reply below if you need more help in reflecting your payment using your personal account. I'm here to help you.

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