How do I record common stock purchased by the owner of the business?

Recording common stock purchased by the owner of the business is QuickBooks Online is my priority, @hollyleigh.

Before we start, I'd like to verify if the stock purchased by the owner is paid with their personal funds? Any further details are much appreciated for me to guide you with the appropriate steps.

Generally, it's a good business practice to avoid mixing business and personal expenditures. When the owner paid the stock using their personal funds, you can reimburse it as a check or an expense transaction.

You'll first have to record the business expense that the owner paid for with personal funds through a journal entry. Here's how:

1. Go to the + New button.
2. Select Journal entry.
3. On the first line, select the expense account for the purchase.
4. Enter the purchase amount in the Debits column.
5. On the second line, select Partner's equity or Owner's equity.
6. Enter the same purchase amount in the Credits column.
7. Select Save and close. 

Once you're done, decide how you want to reimburse the money. To choose what's best for your business, you can refer to this article: Pay for business expenses with personal funds.

Then, I'd recommend pulling up the Journal and Transaction Detail by Account reports. This way, you can effectively manage your transactions and make sure they're recorded accordingly. To do this, go to the Reports menu's Standard tab.

Also, I'd recommend reconciling your accounts every month. This way, you can monitor your income and expenses and detect any possible errors accordingly. To further guide you in starting a reconciliation and fixing or editing one, you can refer to this article: Learn the reconcile workflow in QuickBooks.

Keep me posted on how it goes in the comments below. If you have other concerns about recording stocks purchased by the business owner in QBO, I'll gladly help. Take care always, @hollyleigh.

Piling onto this thread.  I'm in a similar position. There was a common stock purchase agreement signed by employee A.  They provided the treasurer a check for ($0.10) the shares, as stated in the agreement.  For this example let's say it was $0.10 for 100 shares.  I'm confused by your note above stating that they would need to be reimbursed.  Can you expand to help me understand how I would need to update this in QBO?  Thank you.