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December 15, 2020
Question

How do I enter a transaction where I bought something for the company with my own money? We are a startup so we are still purchasing inventory etc with our own money?

  • December 15, 2020
  • 1 reply
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1 reply

PatriciaT
December 16, 2020

Hi userboostedfoods,

 

I know how important it's to properly record your transactions in your books. QuickBooks Online is designed to assist you at every stage of your business growth. I'll be happy to point you in the right direction with this.

 

QuickBooks Online has several powerful features and tools to help you record various types of transactions. When it comes to whether to record a transaction, which transaction type to choose or how to enter it, your accountant is the way to go for accurate information and guidance. Because mixing personal and business funds can be tricky, I'd strongly encourage reaching out to an accountant to make sure that everything's lining up correctly in your books for your business needs. You can easily invite an accountant to your books or find one in your area. Just head to the My Accountant tab to get started, then select Find a pro to help.

 

Feel free to also check out this useful article to assist you with your task: Track personal money or investments to your business

 

I hope this helps! You're always welcome to stop by if you need anything else.