cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Get unlimited expert tax help and powerful accounting in one place. Check out QuickBooks Online + Live Expert Tax.

Reply to message

View discussion in a popup

Replying to:
ShyMae
QuickBooks Team

Reply to message

I appreciate all the things you've done, Nikki. When creating a journal entry in QuickBooks Online to record business expenses made using personal funds, select a vendor for the expense account to keep accurate records.

 

On the second line, you can skip selecting a vendor. You can check out this article for more information:  Pay for business expenses with personal funds.

 

After creating the journal entry, remember to select the same vendor when creating an expense or check. Also, choose a bank account to reimburse personal funds. This process will help maintain accurate records of your transactions. 
 

 

Once you complete these steps, the transaction will be visible on your Bank Register page. Ensure to choose the correct bank account so the transaction is accurately reflected.
 


For future reference, check out these articles to help you track your business expenses:

 

 

That should help clear up any confusion regarding journal entries for recording business expenses paid with personal funds. Feel free to reach out if you need further assistance with entering transactions. Take care, Nikki3006!

Need to get in touch?

Contact us