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Get unlimited expert tax help and powerful accounting in one place. Check out QuickBooks Online + Live Expert Tax.

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Replying to:
MarkAngeloG
QuickBooks Team

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Hi there, @C_Heath-Veik.

 

Thanks for reaching out to the QuickBooks Community. Since you paid for business health insurance with personal funds, you'll need to record this in QuickBooks to accurately reflect your business finances. I'm here to guide you in getting the best help available.

 

To ensure you record this correctly, I strongly recommend consulting with your accountant or a qualified bookkeeper. They can advise you on the specific journal entries and accounting methods that are most suitable for your business and in compliance with all applicable tax regulations.

 

They can also guide you on how to handle this situation within QuickBooks, considering your specific accounting setup and the impact on your financial statements.

 

We can also help you look for professional accountants through this page: Find an Accountant Near You.

 

If you’re looking for additional guidance on managing your books or making entries like these, check out our QuickBooks Live Expert Assisted program. Our team of experienced professionals can provide hands-on help, answer your questions in real time, and share their best practices to make sure everything is set up accurately.

 

Let us know if you have additional concerns besides recording business expense in QuickBooks Online. We're always here to assist you.

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