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jlaudiofan
Level 2

How to reimburse expenses paid for with personal account via receipts?

I have some receipts entered into quickbooks that are expenses I paid for with a personal card before I had a business account setup.

 

I'd like to use the "create expense" feature to make a total of expenses and repay myself with one transaction;  I've tried to enter "owner invesment" as the "bank/credit account" and have tried several other accounts for the "account/category" but no matter what I try, I keep getting the "You need to select a different type of account for this transaction." error.  I am never told which account is incorrect with this ambiguous error message.

 

How can I get this fixed?  Thanks!!

5 Comments 5
Easton at J E Cole Bookkeeping
Level 4

How to reimburse expenses paid for with personal account via receipts?

Hi J!

The best solution would be to create a reimbursement expense to yourself through the owners equity account and then create a journal entry crediting the equity account and debiting the respective expense accounts. For example,


You buy 10.00$ in postage with your own money. 
An expense is created, as a owner's draw, for the total of 10.00$

Then create a journal entry, debiting postage for the 10.00$ and crediting owner's draw for 10.00$.

 

This will capture the expense as well as the repayment to you. Hope this helps! If not let me know and we'll find an alternate solution. 

jlaudiofan
Level 2

How to reimburse expenses paid for with personal account via receipts?

I open up the receipt in quickbooks and select "Reimbursable Expenses" as the "Bank/Credit Account" and "Owner's Investment" as the "Account/Category" but when I click save I get the "Somethin's not quite right, You need to select a different type of account for this transaction" error message.

 

receipterror.png

jlaudiofan
Level 2

How to reimburse expenses paid for with personal account via receipts?

Hi Easton,  thanks for your reply.

 

I think my hangup is I don't know what to put for the "Bank / Credit account" and "Account/Category" fields to make quickbooks accept the receipt and create an expense.  All I get is that error message like in the picture.  I was able to make the journal entry but I can't match anything up without the expense creation via receipt.

 

This is bugging me because I would think it would be as simple as "make an expense that is in the category for repayment to owner" which would have a running total, then I could just write one check to reimburse myself for the total.

Austin23
Level 1

How to reimburse expenses paid for with personal account via receipts?

I'm having the same problem. Quite frustrating.

ShiellaGraceA
QuickBooks Team

How to reimburse expenses paid for with personal account via receipts?

Thanks for joining the thread, @Austin23.

 

I'll make sure you're able to get past the "Something's not quite right, You need to select a different type of account for this transaction" error. Let's open your QBO account using incognito mode or a private browser. This browsing doesn’t store data and will help the page load without issues from temporary data.

 

Here's how:

  • Press Ctrl + Shift + N (Google Chrome).
  • Press Ctrl + Shift + P (Mozilla Firefox).
  • Press Command + Shift + N (Safari).

 

After that, go back and create the transaction again. If it's working fine, you'll want to clear the cache to start on a clean slate. This process helps the browser to fetch the latest version of the webpage and a faster browsing experience.

 

However, if you're getting the same message, please contact our Customer Care Support. This way, we can create a case for you and investigate further.

 

Here's how to reach out:

 

  1. Open QBO on a browser.
  2. Go to Help at the top.
  3. Select Contact Us.
  4. Enter a brief description of the issue, then tap Continue.
  5. Click Chat or Get a callback.

 

In case you need help with other tasks in QBO, you can browse this link here to go to our general topics with articles.

 

Keep me posted if you still have questions about your expense transactions. I’m more than happy to assist further. Have a wonderful weekend.

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