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February 9, 2024
Question

Personal purchases using company credit card, how do I record the repayment?

  • February 9, 2024
  • 1 reply
  • 0 views

We often have staff making accidental personal purchases with the company credit card.  Staff pay back the funds immediately by EMT to our bank account. 

How do I categorize these transactions in my bank feed, and how can I attach and or record the repayment ?

1 reply

February 10, 2024

Hi there srorke,

 

Thanks for reaching out about making personal expenses on the company accounts. 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 point you in the right direction for assistance with entering these transactions that need to be reimbursed.

 

In order to enter these transactions, as well as to reimburse them to the business account, you can use the steps outlined in this article.

 

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