How do I enter business expenses that were paid for out of our personal funds? We are new to QuickBooks and still trying to figure it all out.

Thank you for making QuickBooks your business partner in handling finances, 423vsc. I can assist you in reporting business expenses paid out of personal funds.

To record business expenses you made with personal funds, document them as a Journal Entry by following these steps:

1. Select + New, then click Journal Entry (Take me there).
2. On the first line, choose the expense account for the purchase.
3. Enter the amount in the Debits column.
4. On the second line, pick Partner's equity or Owner's equity.
5. Input the same amount in the Credits column to balance, then tap Save and close.

Once done, you can create a check or expense for the reimbursement. This ensures the transaction shows up as business expenses in your financial reports. Follow the steps below for the first option:

1. Select + New and click Check (Take me there).
2. Choose a bank account to use to reimburse the personal funds.
3. In the Category column, pick Partner's equity or Owner's equity.
4. Enter the amount to repay.
5. Tap Save and close or Save and new.

For the second option, refer to this article for complete details: Pay for business expenses with personal funds.

Furthermore, please know that we recommend avoiding mixing business and personal expenditures. To learn more about handling returns to owners, partners, or employees, check out these resources:

• Pay for personal expenses from a business credit card or bank account
• Reimburse an employee

You can always find me here if you have follow-up questions about managing reimbursements. Have a great rest of the day.