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JaredsGeneralLedger
Level 1

Paying my business credit card with personal funds

Hello, 

 

I just started my business and do not have a business CC yet. My work around was to use a personal CC that had a 0 balance and I did not plan to use anymore for all my business expenses. My bank won't let me link my business checking to pay the credit card off so I have just been paying it with my personal checking. 

 

The CC and my business checking are linked to QBO so what I have been doing is just marking all the transactions to the correct expense account then why I pay off the card I do so with the Owners contribution account. Is this okay or should I be accounting for this differently?

 

Thanks in advance for any advice. 

 

Best regards,

Jared

6 Comments
JaredsGeneralLedger
Level 1

Paying my business credit card with personal funds

Thanks for the heads up :)

Regina_Lend_A_Hand_Accounting
Level 9

Paying my business credit card with personal funds

A scammer in what way? This is a strong statement. Please explain.

JaredsGeneralLedger
Level 1

Paying my business credit card with personal funds

They deleted their post as soon as they were called out. I didnt click it to see, but maybe lex can explain more. 

MichaelDL
Content Leader

Paying my business credit card with personal funds

@Regina_Lend_A_Hand_Accounting

@JaredsGeneralLedger

 

Good afternoon, everyone.

 

I'm dropping in to share some information about the comment you mentioned. There were some recent updates here in the Community aimed at making the process of asking, searching for, and answering questions much more seamless for our users. However, this has also led to an influx of fraudulent individuals attempting to pose as official Intuit support representatives.

 

These scammers are posting fake support numbers where they try and convince you to pay for information or file maintenance. They do so by creating new accounts and sharing contact information in ever-changing ways that slide under the surveillance of our moderators. Please remember that no one in the Community, Intuit or other, will share a phone number or support email publicly. You'll only ever be directed to Intuit's Official Contact page where the number can be personally obtained based on the nature of your question.

 

Rest assured, we're hard at work removing these users and their comments so that no one will fall victim to their heinous attempts at theft and deception. Should you run into any of these comments or users, you too can help us deter them from the Community: 

 

  1. Click the 3 dots (⋮) in the top-right of the fraudulent/scam post. 
  2. Select Report Inappropriate Content
  3. Type a brief message to let a moderator know what's going on.
     

Thank you for your contributions and all you do for the QuickBooks family, be sure to let me know if you have any additional questions or concerns.

JaredsGeneralLedger
Level 1

Paying my business credit card with personal funds

Thank you for the info Michael! I'm wondering if I should try to post this again, seems the conversation has gone a bit off topic haha. 

Regina_Lend_A_Hand_Accounting
Level 9

Paying my business credit card with personal funds

Thank you kindly for the explanation. I was very concerned. Advice noted.

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