How do I record personally-paid expenses as initial capital contributions?

Welcome to the Community, @ebergh-yorkstrea. I'm here to walk you through how to record a business expense paid with personal funds accordingly in QuickBooks Online (QBO).

It is not advisable to mix personal and corporate funds when conducting business transactions. However, there are times when that business account is used to pay for personal expenses.

You'll need to create a journal entry to record a business expense you paid with your funds and reimburse the expense. I'll gladly share more about this and guide you through the recording process below:

1. Click + New and choose Journal Entry.
2. Select the capital account for the purchase.
3. Enter the purchase amount in the Debits column.
4. Next, select Partner's equity or Owner's equity. If you don't have this account, create one.
5. Enter the same purchase amount in the Credits column.
6. Then,  Save and close.

To reimburse the money, you can either record it as a check or an expense. Here's how:

1. Click + New and choose between Check/Expense.
2. Choose a bank account to use to reimburse the personal funds.
3. In the Category column, click Partner's Equity or Owner's Equity.
4. Enter the amount of the reimbursement and select Save and Close.

For more details about this process and to determine how you'd like to reimburse the money, kindly refer to his article: Pay for business expenses with personal funds.

Additionally, you may visit this article for future reference in managing your account in QBO:

• Reconcile an Account in QuickBooks Online.
• Learn the reconcile workflow in QuickBooks.

Keep me posted in the comments if you need further assistance recording your business expenses in QuickBooks. I'll be happy to assist you further, @2421457. Have a great day!