Accidentally paid monthly credit card bill on personal credit card from business account
I made the payment through bill pay so right now its a transfer from business account to the personal credit card. I need to send the money back to the business account from my personal bank account (preferred to do as a bank transfer). How do I categorize the original payment in QB online, and then how do I categorize the transfer of the money bak into the business account. If it matters this is an LLC (just wife and I) being taxed as an S-corp.
Should I just do the payment as an owner draw and the reimbursement as an owner investment or does his cause tax problems
