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Your confusion ends here, @HungryAlienW.
Allow me to fill you in on everything you need to know about using a personal account in a business transaction.
In QuickBooks Online (QBO), we don't advise mixing your personal and business funds. It's a good business practice to avoid mixing both expenditures, and opening a business checking account is one of the first things to do when starting a new business.
If you want to record the expenses you paid with your personal funds, you can create a journal entry for it. Here's how:
Once done, you can reimburse the money when you already have your business account. Let me guide you how.
I'm adding this article for more details: Pay for business expenses with personal funds.
You might also want to check out this article here to learn more about how to get started with QuickBooks Online (QBO).
Keep in touch if you need any more assistance managing transactions in QuickBooks Online. I've got your back. Have a good day.
Your confusion ends here, @HungryAlienW.
Allow me to fill you in on everything you need to know about using a personal account in a business transaction.
In QuickBooks Online (QBO), we don't advise mixing your personal and business funds. It's a good business practice to avoid mixing both expenditures, and opening a business checking account is one of the first things to do when starting a new business.
If you want to record the expenses you paid with your personal funds, you can create a journal entry for it. Here's how:
Once done, you can reimburse the money when you already have your business account. Let me guide you how.
I'm adding this article for more details: Pay for business expenses with personal funds.
You might also want to check out this article here to learn more about how to get started with QuickBooks Online (QBO).
Keep in touch if you need any more assistance managing transactions in QuickBooks Online. I've got your back. Have a good day.
Thank you! Wow, you are super fast and I like how you answered my questions exactly!
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