Paid Personal Credit Card Payment With Business Checking Account

Welcome back, buckeye44837.

I understand you need help recording payments to your credit card from your business checking account. I'll share a way to do this.

Although mixing business and personal interactions isn't advisable, we all know it happens. You'll have two options to record the payments in QuickBooks Online. I'll show you how.

Option 1: Record it as a check.

1. Click the + New icon.
2. Select Check.
3. Choose your business checking account to pay your credit card.
4. In the Category column, select Partner's equity or Owner's equity.
5. Enter the amount of your payment.
6. Once done, hit Save and close or Save and new.

Option 2: Record it as an expense.

1. Click the + New icon.
2. Select Expense.
3. Choose your business checking account to pay your credit card.
4. In the Category column, select Partner's equity or Owner's equity.
5. Enter the amount of your payment.
6. Once done, hit Save and close.

In addition, I've included this article about running reports if you want to see the different aspects of your business: Run reports in QuickBooks Online.

Reply to this post if you need further assistance recording personal credit card payments. We'll always make sure to get back to you. Stay safe.

I don't have the option to select Partner's equity or Owner's equity in the Category Field.

I do have Owner Draws and Owner Investments that both list the detail type as "Owners Equity". Is this what I should select if I want to file as an expense ?

Thanks for your prompt response, @buckeye44837.

I'll add some clarifications about the process with expenses you made with personal funds.

You'll have to create a journal entry to record the business you paid for with personal funds.

Yes, you're correct, but you can pick the Owner's Investment as the Owner Equity account when you want to file it as an expense. However, if you'll have to use another account to track the expenditure, I suggest consulting your accountant for professional advice.

In addition, you can reference this video article for the complete steps: Pay for business expenses with personal funds. This covers from the first step by recording a journal to the last step, on how to reimburse.

Once you're ready, you can run your financial reports to see the data.

Please let me know if you have more questions about recording transactions in QuickBooks. We're always here to assist you more. Stay safe.

It is actually opposite of how you stated it. ( I used Business funds to pay for a Personal Credit Card )

Instead of paying myself back for the money that I invested in my business, I thought at the time that it was a good idea to just pay myself back by just making a payment on my personal credit card. I hope this helps clarify my situation.

Thanks for the additional details, buckeye44837.

The information helps me in providing an accurate solution to your concern. You don't need to create a journal entry like my colleague Jovychris_A stated. 

Instead, you can record the payment either through check or expense. Then, select the Owner's draw in the Category field. Please refer to the steps I outlined above to guide you on the process. You can use this process to track the company's assets being used to pay the personal credit card.

I've also included some useful links. These instructions will walk you through linking your bank or credit card account and categorizing downloaded transactions:

• Connect bank and credit card accounts to QuickBooks Online
• Categorize and match online bank transactions in QuickBooks Online

Keep me updated in the comment below if you have further questions about the process. I'll get back with more details to help you.