Owner bought a laptop & paid with personal funds. Bank-draft was done to refund owner. How to record this as asset + expense? Apple Inv = $1000 Draft = $1005 (incl. fee)

Hey there elize-mygempower,

Thank you for reaching out to us here. It is important that you enter your transactions correctly in QuickBooks Online so that your books are balanced properly. QuickBooks Online is a great tool to help keep your books balanced. I can provide you with some information about transactions.

One possible option to enter the transaction would be as a journal entry in QuickBooks Online. You can do so by clicking on +New button to the top left of your QuickBooks page, and in the last column, you will select Journal entry. For information on which accounts to affect in the journal entry or if you should be using another transaction type, I recommend reaching out to your accountant, as they will be able to explain how to enter a journal entry in detail to suit the needs of this transaction and to make sure your books are balanced. If you'd like to add your accountant to your books, you can do so by going to the My Accountant tab. There's also an option in that section called Find a pro to help, which can help you find an accounting professional with experience using QuickBooks near you.

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