Personal Rent Paid Through Business Funds

Hello there, malu. Allow me to share steps to help you record personal rent through business funds in QuickBooks Online (QBO).

Instead of creating a journal entry, I suggest creating an expense/check to record your personal expenses from the business account where the funds came from. Here's how:

1. Login to your QBO account
2. Click the +New icon, then select Check or Expense.
3. Choose a Payee from the dropdown menu.
4. Select the Bank Account, Cash Account (for check), or Credit Card (for expenses) you used to pay the rent.
5. In the Category details section, pick the Rent account.
6. Enter the Amount.
7. Click on Save and close.

Afterward, you can then reimburse the company by recording a bank deposit. Kindly refer to this article's Step 2 for a seamless process: Pay for personal expenses from a business credit card or bank account in QuickBooks Online.

Also, as you've mentioned you're crediting a Loan to a Shareholder. Would you mind if I ask if you've recorded this loan in QuickBooks? In case you still want to record a journal entry that involves complex accounting, it's best to seek professional advice from an accountant, who is an expert in this field. You can also search and ask for help from one of our expert ProAdvisor.

Furthermore, we can run your Profit and Loss and Balance Sheet report to check your financial record in QuickBooks Online.

I'll be around to help if you need further assistance with recording expenses and sales or any QuickBooks-related queries. Take care always.