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November 4, 2024
Question

I've linked my busi acct and cred card to QBs. I've made expenses using my perso acct and cred card to settle my LLC. How can I add those without linking my perso acct?

  • November 4, 2024
  • 1 reply
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I've linked my business account and credit card to QBs. I've made expenses using my personal account and credit card to settle my LLC. How can I add those expenses without linking my personal account and credit card? I don't  want to link them to QBs. Is there a way to add them manually in my business so I'd have an accurate track of all I spent in my LLC??

1 reply

November 4, 2024

Yes, Lysian. You can add them manually without linking your personal account and credit card. I'm here to guide you through the process.

 

To record the personal account expense, follow these steps:

 

  1. Click + New.
  2. Select Journal Entry under Other Tab.
  3. On the first line, click the expense account for the purchase.
  4. Enter the purchase amount in the Debits column.
  5. On the second line, select Owner's equity.


     
  6. Enter the same purchase amount in the Credits column.
  7. Hit Save and close.
     

If you want to record a reimbursement, refer to this link for the process: Pay for business expenses with personal funds.

 

Additionally, visit this article on how to manage your transactions in QuickBooks Online: Categorize online bank transactions in QuickBooks Online.

 

Let me know if you have more questions about recording your expense transactions or other QuickBooks-related concerns. I'll be glad to provide further assistance.