Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Connect with and learn from others in the QuickBooks Community.
Join nowI paid the outstanding balance of the business credit card with personal funds.
I followed the instructions in the video "How to pay business expenses with personal funds", but when I clicked save, Quickbooks said I need to choose a different account.
In the "Category", I selected the Credit card account I paid off, then on the next line "Owners Investment".
Should I have matched all of the transactions that were made on the card instead?
Also, in the "Payment Method" I selected "cash". This was a bank transfer. Do I need to Add Bank Transfer to the Payment Method?
Best regards
Solved! Go to Solution.
Hey there, @ME308.
Thanks for reaching out to the Community for support.
Great job finding and using one of our how to videos. It sounds like you're on the right track. To know which account or category to use, you'll need to discuss that with your accountant. Your accountant will know the best accounts and categories to use based on your business.
If you don't have an accountant, don't sweat. You can find one here in our Resource Center.
Please let me know if you have any additional questions or concerns. Take care!
Hey there, @ME308.
Thanks for reaching out to the Community for support.
Great job finding and using one of our how to videos. It sounds like you're on the right track. To know which account or category to use, you'll need to discuss that with your accountant. Your accountant will know the best accounts and categories to use based on your business.
If you don't have an accountant, don't sweat. You can find one here in our Resource Center.
Please let me know if you have any additional questions or concerns. Take care!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.