Personal Expense and Payment

Thanks for reaching out to us, @Wibill.

I'm here to lend a hand about recording personal expenses made using a business credit card. 

You'll need to record an expense transaction when you pay your personal expenses with business accounts. Then, reimburse the company. Here's what you'll need to do:

To enter the personal expense:

1. Click the + New button in the left menu.
2. Pick either Check or Expense.
3. Enter the information needed such as Payee and Date.
4. Select the Credit Card account used to make the purchase. 
5. In the Category details section, select the drop-down menu ▼ to select the tax category that fits your need.
6. Enter the amount of expense.
7. Hit Save and close.

To reimburse the company:

1. Click the + New button in the left menu.
2. Pick Bank Deposit.
3. Select the account where the reimbursement should be added and the Date.
4. Go to the Add funds to this deposit section, and in the Received From field, enter the person who made the personal expense, then select the account. You can add the person as a customer.
5. Choose the payment method.
6. Enter the reimbursement amount.
7. Hit Save and close.

Take a look at these articles for more information about this process:

• Pay for personal expenses from a business credit card or bank account
• Mixing business and personal funds

I'm only a couple of clicks away if you need further assistance in managing your account. It's always a pleasure to help. Have a great day!

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Thank you for your detailed reply. 

In the second part "To reimburse the company", I only have one bank account, and adding it there would throw the bank account out of balance.  That's because I already paid the specific amount from my personal bank account which is not part of QBO.   So both the  the expense and the payment are showing up as transactions since the account are synchronized with QBO.  Would I still create a deposit and if so, where would I deposit it to?  Sorry for the confusion.

I have a personal credit card and made a payment with the business account. How can I record this ?

Thanks for joining this conversation, @Naplesdrywall.

If you're referring to reimbursing your expenses made using your business account in QuickBooks Online (QBO), all you need to do is to write a check or expense to record the transaction. Then, create a Bank Deposit for the reimbursement.

You can refer to the detailed steps shared by my colleague MirriamM above or check out this article for more information: Pay for personal expenses from a business credit card or bank account.

Generally, it is not advisable to mix personal and business expenses. However, certain situations will require you to do so. For more insight into this, I suggest checking out this article: Mixing business and personal funds.

Please know that I'm only a few clicks away if you have any other concerns or questions. I'll be here to help. Have a good one!