How do I change an expense to a capital purchase once the bill has been paid.

Hi there, Mark.

You can create a journal entry to change the account for your expense to your preferred account. With this, I recommend reaching out to your accountant for further guidance.

Here's how:

1. Navigate to  + New.
2. Select Journal entry.
3. On the first line, choose an account from the Account field. Depending if you need to debit or credit the account, input the amount in the correct column.
4. On the next line, select the other account you're moving money to or from. Enter the same amount in the opposite column as you did on the first line.
5. . Verify the amounts - you should have the same amount in the Credit"column on one line and the Debit column on the other. This ensures that the accounts are in balance.
6. Enter information in the memo section so you know why you made the journal entry.
7. Select Save and new or Save and close.
    

For thorough information, check out this article: Create journal entries in QuickBooks Online.

Moreover, I'm adding this article to help you keep your accounts balanced and well-organized: Reconcile an account in QuickBooks Online.

If you still have questions in mind, feel free to message us back here by leaving a comment below. We'll get back to your as soon as possible.