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Level 1

How to reimburse myself

I had two invoices to a customer.

Due to a cash flow problem I paid from my personal account one of these invoices.

 

Now the customer has paid me for the two invoices.

How do I get reimbursed for the payment I made from personal account?

 

2 Comments
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QuickBooks Team

How to reimburse myself

Hello @TOMZ.

 

Thank you for reaching out to the Community.

 

I'll be happy to help you record a reimbursement from your personal account. 

 

There are two ways for this to be recorded. The first is to record this as a Journal Entry. For the steps to create one, click here.

 

If both your personal account and the proper one exist in your chart of accounts, it may be better to record this as a Transfer. For the steps, click here.

 

If you have any trouble getting this created, let me know below. I'll be keeping an eye out for your reply.

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Level 4

How to reimburse myself

You can reimburse your self by simply following the below steps:

  • For the bank account field, you can either choose a bank account or a petty cash account. This is the account that the reimbursement money is coming from, so it'd be a business account, not your personal account.
  • Yes, you can enter your own name in the Payee field.  
  • The amount is where you'd add how much you're being reimbursed for. 
  • The payment method is how the business is paying you back. If it's a bank transfer, you can add that as a new payment method. 
  • You'd enter the owner's equity account under account details. 

Regards,

Adrian

QuickBooks Cloud | QuickBooks Hosting Consultant - Apps4Rent

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