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JayLo
Nov 25, 2021 4:26 AM UTC
Question

Show Purchases made from personal account

As the owner of a corporation, I purchased new office equipment needed for the business. However, I paid for the items using my personal credit card.  How do record this in QB?

1 reply

LeithG
LeithG
Nov 25, 2021 4:10 PM UTC

Hi JayLo

 

When recording items purchased for the business on your personal card, you simply record the asset (equipment), and an Accounts Payable setting yourself up as a supplier.  Alternatively, this can be added as an 'owner investment' under the owner's equity section of the balance sheet if you don't plan on having the business reimburse you for the expense.

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