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Experienced Member

Best way to enter an expense paid with owner's personal cash?

I've seen several way to record an expense paid by the owner. Using checks.  Use register and record to a current liability. Use a journal entry.  What is the most native way to Quickbooks software?

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Moderator

Re: Best way to enter an expense paid with owner's personal cash?

Good day, @legconkv!

 

Recording the expense paid with the owner's personal cash can be entered to all the functionalities you've mentioned. Using a check, journal entry, or recording it to the current liability are the known practices, but we still encourage you reaching out to your accountant. These transactions most crucial process is the account to affect and choose.

 

He/She could guide you which option to take based on your recording practice and business needs. For future help, you can check these QuickBooks Mac material and reference link:

That's it. Keep me posted if you have questions or follow-up concerns. I'm always here to provide answers.