I used personal credit to purchase all of the stuff for my new business. I can’t sinc that account. How do I enter all those costs for the year?

Thank you for reaching out to us with your inquiry, ryval_customs. I understand that using personal funds for business expenses can create accounting challenges, and I'm here to help guide you on how to handle this in Quickbooks Online (QBO).

First, record the business expenses you paid for with personal funds. Here's how to do it:

1. Navigate to the + New and select Journal Entry.
2. On the first line, select the expense account for the purchase.
3. Enter the purchase amount in the Debits column.
4. On the second line, choose Partner's equity or Owner's equity.
5. Enter the same purchase amount in the Credits column.
6. Hit Save and close.

Once completed, you have two alternatives for reimbursing yourself using Check or by recording it as an Expense.

You can follow Step 2 in this article for the step-by-step process: Pay for business expenses with personal funds.

To make tracking expenses easier in the future, consider using a separate business credit card or bank account for all business-related purchases. This will keep your personal and business finances distinct and simplify your accounting process.

Additionally, reconciling the account ensures that transactions in QBO align with your actual bank and credit card statements. This process verifies the accuracy of your financial reports, which is essential for making informed decisions and understanding your business's financial health.

You can always get back to the Community space if there's anything else you need to know about handling bank-related tasks, ryval_customs. I'm here to help all the time.

Thank you for the response. I assume you are talking about the desktop site? I cannot find these options on my phone. At one point I thought there was mention of how to link accounts and pick a certain date in time and then be able to scrub the transactions (in that outside account) for personal or business. I’m so confused. 

Yes, @ryval_customs. You have to link your bank to your QuickBooks Solopreneur application and categorize it. Let me discuss this further. 

To start with, may I have the name of your financial institution or the error prompt when trying to sync? This way, I'll be able to check if similar cases have been reported about this. 

Since you mentioned connecting it, I suggest signing in to your bank's website or reaching out to your bank support to check if everything is working on their end. 

If everything's fine, I recommend uninstalling and reinstalling the application to start over fresh. Also, uninstalling clears the app's data and replaces it with a new one. 

Alternatively, you can connect your bank using supported mobile browsers. 

Moreover, you can categorize transactions you downloaded from your bank to track your business. 

If you have further concerns managing your bank, I'd be happy to assist. Have a good one.