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sweetchar727
February 17, 2023
Question

Bill payment by shareholder from expenses recorded as bill payable to shareholder

  • February 17, 2023
  • 1 reply
  • 0 views

Hi everyone,

I am fairly new to QBO but has a bit of accounting background.

How do I record bill payments from expenses payable to shareholder? Do I make a journal entry for it, debit due to shareholder and credit company chequing?

 

thanks!

1 reply

T
Trish_T
February 17, 2023

Hi sweetchar727,

 

Welcome to the QuickBooks family!  QuickBooks Online has just what you need to record capital investments by owners and partners.  I'd be glad to assist!

 

Before you get started, you'll need to add an owner or partner to your books, then set up an account for tracking purposes.  Here's a detailed guide for your reference.  

 

Should you require additional assistance, please don't hesitate to contact us outside of Community.  It would be our pleasure to navigate through the processes with you, and ensure you're able to accomplish your QuickBooks goals as soon as possible!

 

Schedule a Callback or start a Chat: click (?) Help in the upper right in QuickBooks Online > enter "Contact support" > hit Contact Us > provide a brief summary of your situation > hit Let's Talk > choose Get a callback or Start a Chat.
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Feel free to reach out again, if other questions come to mind.  We're always happy to help!
 

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