I appreciate the detailed information about your concerns, Raeka8.
Let me answer each of them. With your first and second questions, the answer is yes, you can change the starting balance and ensure when you reconcile you have to start that month.
Regarding the third question, if you're recording business expenses made with personal funds, here's what you'll have to do.
You can record the business expense you paid with personal funds by creating a journal entry. But before doing the process, I recommend reaching out to your account for further guidance and other options.
Here's how:
- Go to the Company menu and select Make General Journal Entries.
- On the first line, select the expense account for the purchase.
- Enter the purchase amount in the Debits column.
- On the second line, select Partner's equity or Owner's equity.
- Enter the same purchase amount in the Credits column.
- Make sure your debits equal your credits.
- Select Save & Close.
Once done, you can record the reimbursement as a Check.
For your last question, record the purchase using the main card. Then, when payment is available use the checking account. You can check this article for more details: Set up, use, and pay credit card accounts.
Let me know how the steps work. I'll be right here if you have follow-up questions or any concerns.
