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userrachelpressley19
Level 1

Need Help

When we started our business last year we did not have a business checking account instead we used our personal checking account to do every transaction made. including purchases , deposits of customers payments. We now have a business account and I am trying to enter everything in QB but I am stuck and don't know how to enter this data without linking my personal checking account which I don't want to do. Can someone please help here?

1 Comment 1
Maybelle_S
QuickBooks Team

Need Help

Glad to see you here in the Community, @userrachelpressley19.

 

I can help you add transactions in QuickBooks Online (QBO).

 

We can create a journal entry to record business expenses you made with personal funds in QBO.

 

Here's how:

  1. Go to the +New button.
  2. Under Other, select Journal entry.
  3. Click the Account drop-down arrow, and then choose the expense account for the purchase.
  4. Enter the purchase amount in the Debits column.
  5. On the second line, select Partner's equity or Owner's equity.
  6. Enter the same purchase amount in the Credits column.
  7. Click Save and close.

Once done, you can reimburse the money, check out this link for the process under Step 2Decide how you want to reimburse the money.

 

I've also added this article to make your transactions organize and accurate: Categorize and match transactions.

 

Don't hesitate to drop a comment below if you have other questions. I'm always here to help. Take care!

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