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February 18, 2023
Question

PURCHASED COMMERCIAL VEHICLE FROM COMPANY SAVINGS HOW DO I RECORD IT?

  • February 18, 2023
  • 1 reply
  • 0 views
We took out some funds from our business savings account to purchase a company vehicle. How do I categorize that transaction?

1 reply

February 20, 2023

Hi torotuffservices,

 

Welcome to Community!  Congratulations on your business purchase!  QuickBooks Online provides options for recording your purchases seamlessly.  I'd be glad to point you in the right direction!

 

You can record your investment and pay back the funds as outlined here.  However, it's best to consult with 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 near you.

 

If any other questions come to mind, feel free to reach out again.  We'd be happy to help!