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October 4, 2023
Question

Can you put transactions on that aren't linked to the business bank account? How is this done? Eg our car lease is paid for personally but is a business expense

  • October 4, 2023
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1 reply

October 4, 2023

We're happy to have you here today.

 

In QuickBooks Online (QBO), you can enter it manually via journal entry to easily track the transactions and determine the accounts affected. We'll gladly write down the steps to get you going:

 

  1. Access your QuickBooks Online company.
  2. On the left navigational bar, click the + New button.
  3. Select Journal Entry.
  4. On the first line, select the expense account for the purchase.
  5. Enter the purchase amount in the Debits column.
  6. On the second line, select Partner's equity or Owner's equity.
  7. Enter the same purchase amount in the Credits column.
  8. Once done, click Save and close.

 

Refer to this article for further guidelines: Pay for business expenses with personal funds.

 

Also, we'd recommend contacting your accountant to ensure it's done accurately. If you don't have an accountant, we can help you find one. Feel free to visit this page: Find a QuickBooks ProAdvisor.

 

Furthermore, here are some articles to help you manage expenses, and ensure your data stays accurate inside the program:

 

 

The Community space is open 24/7 if you need further assistance with this or have any additional QuickBooks-related queries. We'll make sure to get back to you as soon as possible. Stay safe, and have a nice day!