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jeff-loucks
April 17, 2024
Question

Can I fix the balance on my credit card? Orginally I paid with my personal funds and then with the corporate funds. Shareholder loan and personal expenses won't balance

  • April 17, 2024
  • 2 replies
  • 0 views
Original commenter did not share additional details

2 replies

S
Steve Chase H
April 17, 2024

Hey @jeff-loucks,

 

In such case, You Need to Contact QB Help Desk at (spam)

 

Thanks 

Steve

A
Amanda-B
April 17, 2024

Hey there, jeff-loucks.

 

Thanks for reaching out to the Community for support. I'd be happy to help.

 

It's always good to avoid mixing business with personal expenses. However, if this happens, I recommend taking a look at this article on how to record such transactions. If you require further assistance such as choosing which accounts, I suggest reaching out to an accounting professional. If you dont have one, you can find one near you by clicking here. 

 

If you have any other questions, feel free to reach back out. 

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Carolexx
January 7, 2025

we were once a very small business but now have grown significantly.  I have told the ceo to stop using his personal card for everything and paying it with company funds.  Now I want to emphasize that by showing how much more profit would show if he took care of his own personal card.  I'm stuck though.  should the personal expenses be loan to shareholder and should the payments made for these expenses also be charged as loan to shareholder? Seems this would be double dipping? 

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