cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Intuit
5 helpful votes

Pay for business expenses with personal funds

Learn how to record business expenses you made with personal funds in QuickBooks Online.

Although we recommend not to mix business and personal funds, we know it happens sometimes. When you reimburse a personal expense, you can record it as a cheque or an expense. Here's how.

Step 1: Record the business expense you paid for with personal funds

  1. Select the + New button.
  2. Select Cheque.
  3. Select a bank account to use to reimburse the personal funds.
  4. In the category column, select partner's equity or owner's equity.
  5. Enter the amount to reimburse.
  6. Select Save and close or Save and new.

Step 2: (Option 1) Record the reimbursement as a cheque

  1. Select the + New button.
  2. Select Cheque.
  3. Select a bank account to use to reimburse the personal funds.
  4. In the category column, select partner's equity or owner's equity.
  5. Enter the amount to reimburse.
  6. Select Save and close or Save and new.

Step 2: (Option 2) Record the reimbursement as an expense

  1. Select the + New button.
  2. Select Expense.
  3. Select a bank account to use to reimburse the personal funds.
  4. In the category column, select partner's equity or owner's equity.
  5. Enter the amount of the reimbursement.
  6. Select Save and close.

Was this helpful?

You must sign in to vote, reply, or post