Question

When I use my personal credit card for business expenses

Hi, I have a question.

When I use my personal credit card for business expenses, I usually open the expense and record as below.

Category Amount Sales tax Total

Software fee 30 GST(5%) 31.5

Owner's Capital -31.5 0% -31.5

The problem that I want to ask is 0% for the owner's capital.

There are 3 sections for 0%.

1. Zero rates 2. Exempt 3. Out of scope.

What is correct among them?

Leah

Out of scope is correct.

Thank you for your reply.

One more question.

When I remit the salary to employee from the business acciunt, I should record the remittance amoun as the payroll expense on QBO.

For this case, which one should I choose for 0%?

It would be exempt.

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