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RupaPodila
July 26, 2024
Question

Business Car Purchase Using Partial Personal Funds

  • July 26, 2024
  • 2 replies
  • 0 views

Hi Team,

Can you please help me with how to record these transactions in QuickBooks?

I purchased a car for my business for $38,000. I used $30,000 from the business account and $8,000 from my personal account. How should I record these transactions in QuickBooks for bookkeeping purposes? Note that I only have my business account connected to QuickBooks.

Regards,
Rupa

2 replies

F
FateCandylaneT
July 26, 2024

We've got the detailed steps to help you record business expenses you made with personal funds, RupaPodila.

 

I've seen that you've posted twice in this forum with the same concern. Don't worry, my colleague has already provided a solution for you to guide you in managing your deposits. Feel free to visit this link: https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/business-car-purchase-using-partial-personal-funds/01/1468256#M224131.

 

We'll keep this thread available for any additional queries you have when managing these transactions in your QuickBooks account. Keep safe and have a great day ahead!

D
Deity Alpha
July 26, 2024

@RupaPodila 

You can use a free billing management app to sync with QBO and reimburse your business expense to your personal account.

 

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