Personal CC used for purchases in QBO

Hi There!

The correct method if your personal card is primarily business expenses, would be to mark your personal expenses as an "owner's draw." Other expenses would imply that they are just business expenses marked as misc., which would not be correct. Regarding categorizing a payment made from a personal card, you can either choose to categorize your credit card payment as an owner's investment towards the business (if you won't expect the business to pay you back and mark it as owner's investment). Otherwise, you would mark the payment as a loan payable to yourself (current liability to the company, so the business will pay your personal account back via a reimbursement and then you can designate this account again when paying yourself back. 

Check-out this short video from Intuit:

https://www.youtube.com/watch?v=s3MNClNklg8&ab_channel=IntuitQuickBooks

Thanks for your reply Ledger Aid!

The personal payments were for personal purchases on the card from a personal account, and all business transactions were paid from my business chequing account. I would categorize the purchases as “shareholder loan” for each personal transaction that came through QBO on the credit card. I then kept totals of each on my credit card statement and would pay them separately. My concern is my former book keeper may or may not have categorized those payments correctly, I’m currently going through my chart of accounts “Shareholder” and the total seems very off. I believe she may have been accounting all personal account payments as being payments from the business and as such my shareholder loan total has been reduced to an incorrectly low amount? Thanks in advance sorry this is painful! I’m auditing all of the transactions and getting someone to take a further look as well. 

Thanks for your reply Ledger Aid!I keep track of personal purchases on each Cc statement and then pay that portion with personal funds, and business expenses through the business chequing account. 
Each personal transaction that comes across my CC is categorized as “shareholder loan”, and I fear that my former book keeper may have not properly categorized those personal bank account payments because my shareholder loan total in chart of accounts seems to be way off. 

@SmallBizDad81 

If you're paying the personal expenses from your personal account then they are not Owner's Draws (if sole proprietorship) or Shareholder Loans (if s-corp).  The personal charges and personal payments should be left out of QB altogether and only the business expenses and payments should be recorded.    

If you have always been paying your personal charges with your personal account, Shareholder Loans should be $0. If you have a balance in Shareholder Loans, you need to look at those because every entry to Shareholder Loans (credit) has a corresponding debit entry which is usually an expense.  You mentioned they were recorded as Other Expenses.  Those should not be on your P&L.  Presumably, the total of Other Expenses equals your shareholder loans.  If that's the case, and 2023 is your first year in business, remove them both by creating a journal entry - debit Shareholder Loans, credit Other Expenses for the balance.