Hi there, Dawgz.
It's nice to nice to see you posting your concern here in the QuickBooks Community. I'll share steps to make sure you're able to reimburse your personal funds in QuickBooks and record the expenses properly.
To start recording business expenses you made with personal funds, you'll have to create first a journal entry. Before doing this, While doing this, I also recommend consulting an accountant for additional guidance on posting correct accounts or the right category of the entry. This way, you're able to make sure that your account stays accurate.
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.
- Fill out the fields to create your journal entry. Make sure your debits equal your credits when you’re done.
- Hit Save and close.
For additional information, you can click this article: Create a journal entry in QuickBooks Desktop for Windows or Mac.
Once done, you can now start reimbursing the personal funds or the amount as a Check. Please follow the steps below.
- Go to the Banking menu and select Write Checks.
- Choose a bank account to use to reimburse the personal funds.
- In the Account column, select partner's equity or owner's equity.
- Enter the amount to reimburse.
- Hit Save and close or Save and new.
For further details, you can refer to this article: Create, modify, and print checks.
Please open this article to see information on how QuickBooks Desktop offers a wide variety of ready-made vendor reports that will tell you where your company stands in terms of expenses and accounts payable: Customize vendor reports.
Please let me know if you still have follow-up questions about recording your transactions by leaving a comment below. I'm always here to assist. Take care and enjoy the rest of the week.
