Hi there, @annaglogowski.
I'll help you record your bill payment in QuickBooks Desktop (QBDT).
Although we won't recommend to mix business and personal funds, we know it happens sometimes. To record the business expense you paid for with personal funds, simply create a journal entry.
- Go to the Company menu and select Make General Journal Entries.
- On the first line, choose 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.
- Click Save and close.
You can also create a separate entry for the tax portion. To ensure that everything is accurate, reach out to your accountant for further help.
In case you want to reimburse the money, simply record it as a check and make sure to select Partner's equity or Owner's equity in the Category column.
Additionally, you can check our Year-end checklist in QBDT. This will guide you through the process of completing your task in QuickBooks so you can close your previous year and prepare for the upcoming one.
Keep me posted if you need anything else or if you have other questions about recording your transactions in QuickBooks. I'll be here to help. Have a great rest of the day.
