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I can help you record the owner's insurance in QuickBooks Online, lwbarn-gmail-com.
If you're referring to paying the insurance, you can create a Check/Expense transaction affecting the insurance account.
If it's recording the insurances received, you can record a bank deposit in QBO. Before doing so, I suggest reaching out to your accountant for further guidance on what account to use in tracking insurance received.
To make a deposit:
You can get back to us if you have follow-up questions about managing your account. The Community is here to help.
This isn't what I had asked at all? Perhaps my wording wasn't correct, What I was trying to ask, is how do I record an Owner's, (personal) home owner's insurance. Payments for the Owner's house, his insurance is coming out of the business and I was wonder how one would input that into the quickbooks..
Hi @lwbarn,
I'll share some information about recording owner's (personal) home insurance. While it's not advisable to mix personal and business funds, you can still record it n QuickBooks. Let me guide you how.
For in-depth instructions, please check this guide: Pay for personal expenses from a business credit card or bank account.
From there, you're able to keep track of your personal expense transactions.
I've also added this link for your reference: Mixing business and personal funds.
Please don't hesitate to reply if you have follow-up questions or concerns about recording owner's expenses. We're here for you. Take care and stay safe.
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