Hello there.
I appreciate you taking the time to give us detailed information about your situation. Let me share some insights about how to record transactions that were paid using your personal funds in QuickBooks Online (QBO).
In QBO, it's best to link your bank or credit card accounts that are intended only for your business transactions rather than connecting the personal ones. This helps keep your books in order or accurate.
To ensure that this gets sorted out, you should disconnect your credit card account in QuickBooks and delete its transactions in the Chart of Accounts. You can then link an account that's intended only for your company.
Moreover, if you've used your personal account to pay for business-related transactions, you can record a reimbursement. Let me guide you on how:
- In your QBO account, go to +New, then select Journal Entry.
- On the first line, select the expense account for the purchase.
- Enter the purchase amount in the Debits column.
- On the second line, select Partner's equity or Owner's equity.
- Enter the same purchase amount in the Credits column.
- Select Save and close.
For detailed steps, kindly visit: Pay for business expenses with personal funds.
Furthermore, I recommend consulting your accountant to be well-guided in your situation.
Additionally. I'll also share this article that can serve as your reference to learn how to review downloaded bank and credit card transactions and put them in the correct accounts: Categorize and match online bank transactions in QuickBooks Online.
I'm looking forward to getting this resolved. Feel free to leave a reply if you require further assistance with recording transactions paid with personal funds in QuickBooks. The Community team always has your back. Keep safe.
