Can I use an equity account on a receipt capture as the credit transaction? If not how do I record this as the payment did not come out of the current business account?

It’s great to see you in the Community, deborah12.

QuickBooks Online helps manage and match your expense receipts and bills all in one place via the Receipts feature. When tracking a payment, you can choose a bank/credit card or asset account.

You'll have to create an expense to record the transaction. Here's how:

1. Go to the New menu in the upper left to select Expense under Suppliers.
2. Type in a name in the Payee field box and choose the appropriate account from the Payment account drop-down.
3. Fill in the field boxes.
4. Navigate to the Category/Items details section to enter the transaction's details and make sure to input the amount in the Amount column.
5. Click Save to keep the changes.

If you still want to use the equity account, we’ll have to create a journal to record the transaction. I recommend consulting an account to verify the specific category type to use for the Debits and Credits columns.

This is to ensure it will not throw off your records. I can help run a search for an expert, click on this link, and then key in your postcode or town in the Search field box: Accountants Near Me.

Here’s an article that provides an overview of managing receipts in QBO. It also contains instructions on how to match them: Capture and categorise receipts and bills.

Stay in touch if you have any other concerns or questions. I’m always here ready to assist further. Have a good one.