How (if possible) do I connect journal entries to Vendors so that those expenses are included in the list of transactions on the "Vendor" page?

JusBer · ‎April 30, 2021

I've had to pay for expenses with personal funds. QuickBooks won't allow me to use an equity account to pay for an expense, so I'm forced to enter an expense as a journal entry. Unfortunately, it appears that journal entries do not show up in the list of transactions associated with specific vendors. I'm also starting to wonder if transactions included in journal entries are not included in the "Profit

Rustler · ‎May 01, 2021

Journal entries do not show in some reports, it is best to avoid them

as far as paying for a bill using equity, there are steps to it
deposit the personal funds to a cash type bank account and use owner equity investment as the source account for the deposit
then pay the bill using the cash account

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Rustler · ‎May 01, 2021

Journal entries do not show in some reports, it is best to avoid them

as far as paying for a bill using equity, there are steps to it
deposit the personal funds to a cash type bank account and use owner equity investment as the source account for the deposit
then pay the bill using the cash account

JusBer · ‎May 03, 2021

Thank you, Rustler!

For anyone else interested in what this process looks like, here is a step-by-step of Rustler's instructions, as I did them (and it appears to have worked out okay).

Step 1: create the proper account.

Screen Shot 2021-05-03 at 16.21.52.png

Step 2: create a new "Bank Deposit" from the menu.

Step 2-- Create a new _Bank Deposit_ from the menu (Screen Shot 2021-05-03 at 16.22.40).png

Screen Shot 2021-05-03 at 16.24.25.png

Step 3: enter the deposit information.

Screen Shot 2021-05-03 at 16.24.25.png

Step 4: create your expense, charging from the "Cash on hand for Owner's Equity" account.

Screen Shot 2021-05-03 at 16.45.50.png

Edited to so that the image says to make sure you are depositing into the correct account (rather than the "wrong account").

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How (if possible) do I connect journal entries to Vendors so that those expenses are included in the list of transactions on the "Vendor" page?