Skip to main content
December 29, 2022
Question

Hello. my client only has a personal bank and credit card for his business. What is the best account to split them up? Put the personal in Owner's Equity? Thanks

  • December 29, 2022
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

December 29, 2022

Hi lauralynnbaxter-,

 

It's a pleasure to see you in Community.  Welcome!  QuickBooks Online has the features you need to accomplish your daily bookkeeping tasks with peace of mind.  Although it's not recommended to use personal accounts for business expenses, we understand this does happen from time to time.  I'd be happy to point you in the right direction so you can accomplish your QuickBooks goals with confidence!

 

To record business expenses with personal funds, you'll create a journal entry and determine the best way to reimburse the funds.  It's best to reach out to an accounting professional for their expertise and best course of action.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.  For your reference, here's a helpful guide to assist with recording business expenses paid with personal funds. 

 

Feel free to reach back out with other questions.  We'd be glad to help!