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NoMatter
October 25, 2024
Question

Paying Partial Rent as a Business Expense

  • October 25, 2024
  • 1 reply
  • 0 views

Hi all,

I want to pay my entire home rent with my business account (this avoids potential bank fees, cash availability delays) and count it as an appropriate expense. However, I am only able to claim ~25% of my rent as a business expense. How can I facilitate this?

No Matter

1 reply

A
Alex M
October 25, 2024

Hi there NoMatter,

 

Thanks for reaching out about your personal expenses. QuickBooks Online is a great tool able to assist you in keeping track of sales and expenses so you know the profitability of your business. I can provide some information about mixing personal and business funds.

 

To enter personal expenses on a business account, and then reimburse them, you can follow the steps in this article.

 

If you have any other questions, feel free to reach out here.

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