Hello and thanks for visiting us today, @useradele,
I can guide you through the process of recording business expenses using personal funds. The first step will be recording the purchase made by your husband. Follow the steps below:
- Press the + New button then select Journal entry.
- On the first line of the journal entry, choose the expense account for the purchase.
- Enter the purchase amount in the Debits column.
- On the next row, select Partner's equity or Owner's equity.
- Enter the same purchase amount in the Credits column.
- Hit Save and close.
Once done, you may now reimburse the personal spending. There are two options for this. Take a look at the steps below.
Reimbursement using a cheque:
- From the + New icon, choose Cheque.
- Pick an account to use to reimburse the personal funds.
- In the category column, select partner's equity or owner's equity.
- Enter the reimbursable amount.
- Press Save and close or Save and new.
Reimbursement using an expense transaction:
- Go to the + New button and then pick Expense or Add expense.
- Enter the bank account to use for the reimbursement of the personal funds.
- In the category column, select partner's equity or owner's equity.
- Enter the amount of the reimbursement.
- Select Save and close.
For more information about this process, use this article for reference: Pay for business expenses with personal funds
Let me know if you have additional questions or concerns about this topic. I'll be right here to help you with it. Have a lovely day!