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L
LeoneMR
August 23, 2019
Question

using business funds to pay credit card personal

  • August 23, 2019
  • 1 reply
  • 0 views

hi if i used my checking account businesst to pay for peronsal credit card, how should i categorized this ?

as a transfer or expenses ?

1 reply

AddieC
AddieC
August 23, 2019

Hi there, 

 

Thanks for reaching out to us here in the Community! I'd be happy to shed some light on this for you. 

 

QuickBooks Online isn't designed to track both business and personal funds. QuickBooks Self-Employed does allow for this, so if this is something you'd like to take advantage of, check out more about the Self-Employed version here: QuickBooks Self-Employed Overview. 

 

If you're still hoping to categorize this type of expense in your QuickBooks Online account, you'll have to consult an accountant for advice on how to categorize your transaction. If you need any help adding the transaction into QuickBooks, please don't hesitate to reach back out and I'd be happy to give you a hand. 

 

If you're not already connected to an accountant, you can search for a ProAdvisor in your area by clicking this link: Find an Accountant.

 

I hope this helps point you in the right direction.

 

Have a great day!

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