New Business, Personal Account Linked with QBO

Hi there, @adrirazo.

Let me provide steps on how to record these transactions in QuickBooks Online.

When mixing the business and personal transactions are not recommended, it still happens sometimes. Here's the flow that we can follow based on your scenario.

First, you'll need to create a bank account that represents your personal account. Let me show you how to do it.

1. Go Accounting on the left menu, then click the Chart of Accounts tab.
2. Select the New button and select the Account and Detail Types.
3. Enter the Name and other details.
4. Hit Save and Close.

Second, you'll need to pay the outstanding vendor invoice, here's how:

1. Open the outstanding vendor invoice (bill) and click the Make payment button.
2. Select your personal account in the Bank/Credit account field to pay the bill.
3. Click Save and close.

 Then, reimburse your personal account using the business one. by following the steps below:

1. Click the Create (+) menu at the top and select Expense or Check.
2. If you have the new QBO interface, you can click the +New button on the left menu.
3. In the Bank Account field, enter your business bank account.
4. Go to the Category details section and select your personal bank account in the CATEGORY column.
5. Enter the reimbursable amount in the Amount column.
6. Click Save and close.

Lastly, I've attached this article for detailed steps I provided above comes from these links:

• Pay for Business Expenses with Personal Funds
• Record Business Expenses - Paying with Owner Funds

Keep on posting if you need more help from me. Have a great day!

Thank you! Your response was very helpful. 

Would I be better off just getting rid of everything I did with the personal account already linked and entering everything manually then? 

It's our pleasure to help, @adrirazo.

In case you’ve used personal funds for your business expenses, you can follow the steps provided by GraceC in recording those expenses. Then you can record the reimbursement by writing a check or an expense.

Yes, you can simply exclude those personal expenses. You must enter business-related transactions only in your account.

Here are the best practices to avoid mixing business and personal expenditures: Mixing business and personal funds.

I'm always here if you have any other concerns. Have a wonderful day!