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Join nowI accidentally paid our personal credit card with the business account. It is a S-corp, but my husband is 100% share-holder. I created a check to show the expense, but I'm not sure how to reimburse the company. I use QB desktop for Mac
Hello Airfab59105,
I've encountered cases similar to yours, and I'm happy to share the steps to reimburse your company. To do this, you'll want to make a bank deposit and enter the following:
As a result, your business account is replenished. Then, the expense was offset from your expenses account since this not a business expense anyway.
If you have other questions about the reimbursement, please let me know.
What if I paid a business credit card with personal funds, how could that be fixed?
Hi there, @Ackool86. I'll help you track the credit card expense and record the reimbursement.
First, follow these steps to record the business expense paid for with personal funds using a journal entry:
Once done, the instructions below will guide you on how to pay back the funds:
However, I still recommend consulting your accountant to ensure everything is accounted for correctly. If you don't have one, you can visit the ProAdvisor site to run a search.
If you have other questions or concerns, please let us know. We're always here to help. Have a wonderful day.
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