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Level 1

how to enter payment of bill paid with personal funds

Using QB Desktop 2017 - how do I enter a bill on a PO for inventory that was paid with personal funds?

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Best answer January 01, 2019

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Level 15

how to enter payment of bill paid with personal funds

enter the bill as you would any other time

 

there are several ways to pay with personal funds, assuming your are taxed as a sole proprietor or partnership, I prefer

 

create a cash type bank account called owners

pay the bill using that owners bank account

then make a deposit in the owners bank account for that same amount and use the owner equity investment account as the source account for the deposit

View solution in original post

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Highlighted
Level 15

how to enter payment of bill paid with personal funds

enter the bill as you would any other time

 

there are several ways to pay with personal funds, assuming your are taxed as a sole proprietor or partnership, I prefer

 

create a cash type bank account called owners

pay the bill using that owners bank account

then make a deposit in the owners bank account for that same amount and use the owner equity investment account as the source account for the deposit

View solution in original post

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