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Buy nowI have paid expenses using personal funds, so I created a JE, debiting expense and crediting equity.
The problem is that none of these expenses show up under the expenses section, nor do they contribute to the total expenses on the P&L. Any idea what I'm doing wrong?
Thank you
Other than making sure the P&L report includes the dates of the JEs, the only other thing I can think of is that the category you're selecting is not actually an expense category (unlikely). If both of those are being done then you can try clearing your cache or opening QBO in incognito mode and see if that solves it.
Thank you for the response. I apologize; I was partially wrong in what I said earlier. The expenses are hitting my P&L, they just aren't showing up in my list of expenses. Is there anything that can be done about that? I am running in incognito mode.
Journal entries bypass many of the reporting capabilities of QBO. The best way to handle these, IMO, is to create a bill, then pay it using a temporary clearing account, then move it to your equity account. It's an extra step but should solve the issue. To do that, create a bank account in QBO called 'Clearing Account'. Then, enter a bill and assign the appropriate expense account to the bill, and then pay the bill using the bank Clearing Account you just created. Then create the journal entry to zero out the Clearing Account and increase your equity account - debit Clearing Account, credit equity. Hope that helps.
Hi there @BrettA12.
Welcome to QuickBooks Community. I am here to give you some information about your missing expenses.
In addition to what Rainflurry suggested above, journal entries will be posted to your Expenses page and Profit and Loss Report. Once we have settled the reimbursement money, you can now see the missing transaction in your expenses page.
Here's how:
Furthermore, I recommend referring to this article for a comprehensive guide: Pay for business expenses with personal funds.
If you want to filter specific accounts or customers in you reports, you can check this article: Customize reports in QuickBooks Online
Keep me posted if you have additional questions. I’ll be happy to help. Have a great day ahead!
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