Personal credit card

Hi EBL2,

It's nice to see you in Community.  Welcome!  QuickBooks Online has taken into consideration, that times may be necessary when we use our personal credit cards for business expenses.  The need to record these expenses is essential in keeping your books accurate.  I'd be glad to help!

You can record the business expense that was paid with your personal funds by creating a journal entry.  Here's how;

1. Select +New from the left menu and then pick Journal Entry

2. On the first line, select the expense account for the purchase

3. Enter the purchase amount in the Debits column

4. On the second line, select Partner's equity or Owner's equity

Here's how to add an equity account 

5. Enter the same purchase amount in the Credits column

6. Hit Save and close.

You can record the reimbursement as a cheque or expense, by following these steps;

1. Open +New and choose Cheque or Expense

2. Select a bank account to use to reimburse the personal funds

3. In the Category column, select Partner's equity or Owner's equity

4.Enter the amount to reimburse

5. Hit Save and close

You're all set!

If you have any other questions, feel free to reach back out.  We're always happy to assist!