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cm-highmore-com
Level 1

After excluding cc charges, how do you reduce the balance/enter charges/make payment?

All charges are shown from Visa statement, but this QB business account only pays part of the charges. The other charges are paid by a separate, personal checking acct.
1 Comment 1
Rasa-LilaM
QuickBooks Team

After excluding cc charges, how do you reduce the balance/enter charges/make payment?

It’s nice to see you in the Community, cm-highmore-com.


In QBO, you can create a journal entry to record the business expenses. Then, reimburse the money via a check or an expense. Let me help and show you the steps.


To enter a journal entry:

  1. In your company, tap the New menu to choose Journal entry under Other.
  2. Fill in the fields with the correct information.
  3. Go to the first line and select the expense account for the purchase in the Account column.
  4. Type the amount in the Debits (USD) column.
  5. On the second line, pick Partner's equity or Owner's equity in the Account column.
  6. Enter the same purchase amount in the Credits column.
  7. Hit Save and close.

 

To reimburse the money, choose how you wish to input the transaction. For the complete instructions, go to Step 2 in this article and select the option that fits your situation: Pay for business expenses with personal funds.


Additionally, this guide outlines the complete steps on how to personal expense in a business account in QuickBooks Online: Pay for personal expenses from a business credit card or bank account.


Keep in touch if you have any clarifications or additional questions. I’ll be more than happy to answer them for you. Have a great day ahead.

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