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annettewalker99
Level 1

Receiving a personal credit card payment (separate from my business account).

 
2 Comments 2
Emily M
QuickBooks Team

Receiving a personal credit card payment (separate from my business account).

Thanks for reaching out, @annettewalker99.

 

It’s not recommended to mix business and personal funds. You can, however, record it as a reimbursing a personal expense.

 

I’m happy to walk you through with recording the business expense you paid for with personal funds:

 

  1. Pick New.
  2. Choose Check.
  3. Locate a bank account to use to reimburse the personal funds.
  4. In the category column, find the partner's equity or owner's equity.
  5. Enter the amount to reimburse.
  6. Push Save and close or Save and new.

 

You have two options from here you can choose from which are Recording the reimbursement as a check and Recording the reimbursement as an expense.

 

First option: recording the reimbursement as a check

 

  1. Press New.
  2. Hit Check.
  3. Select a bank account to use to reimburse the personal funds.
  4. In the category column, go to the partner's equity or owner's equity.
  5. Enter the amount to reimburse.
  6. Select Save and close or Save and new.

 

Second option: Record the reimbursement as an expense

 

  1. Locate New.
  2. Find Expense.
  3. Go to the bank account to use to reimburse the personal funds.
  4. In the category column, choose the partner's equity or owner's equity.
  5. Enter the amount of the reimbursement.
  6. Hit Save and close.

 

Come back to the Community if you have other questions. Bye for now.

Liz4biz
Level 1

Receiving a personal credit card payment (separate from my business account).

Are you asking what to do if you are paying your business credit card with personal funds?

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