In the Debit column, enter the amount remaining in the account. In the Account column, choose your version of “Company Owes Me” from the list. Choose Banking > Make General Journal Entries. 
To transfer the money to an equity account: If you have several equity accounts or subaccounts, use the account you use to track investments, since you’re now investing this money in your company. If you have only one equity account, as many businesses do, use that equity account in the following procedure. Reinvest the money in your company by moving it to an equity account.
In the Account column at the bottom, select “Company Owes Me.” Enter your name in Pay to the Order of and the amount owed to you.
Write a business check for the money owed to yourself. You can reimburse yourself in either of these two ways. If your “Company Owes Me” account has a positive number, then your company owes you money. If anything you bought is reimbursable by one of your customers, or if you want to associate the expense with a particular customer:job for a job report, choose a Customer:Job name. (In the screenshot below, you’ll see how I did this in a sample company file.) In the Splits window, associate the appropriate portions of the check to the appropriate accounts. If the amount you are entering is for more than one expense account, click the Splits button. In the Account field, select the appropriate expense account. If you also bought personal items in the same transaction, you don’t need to enter those items or amounts. In the Increase column, enter the amount you spent for your company and tab to the next line. First, open the register on your “Company Owes Me” account. You can do this for transactions that happened in the past as well as current transactions. This shows that the business now owes you this amount. To track this, record the transaction in your “Company Owes Me” account register. This is the scenario we started out with, paying for your kids’ school supplies and your company’s printer cartridges with your personal credit card. Record business expenses you paid for with personal funds Be sure to enter any opening balance if there is any. But I’ll refer to this account as “Company Owes Me” in this article. In this example, I named the account “Company Owes Me” but you can name yours anything. If your company is a partnership, you may want to set up an account for each partner. You’ll use this account to track all the money you spend in a mixed business and personal fund situation. In your Chart of Accounts, create a new account using the type Other Current Liability. Now that we’ve got that out of the way, let’s get to it. It’s really not a good idea at all to track your personal finances with your company’s. This article is meant to help you keep your business finances separate from your personal finances, not merge them together. It’s a good idea to talk to you accountant if you have questions about paying for your business expenses with personal funds and vice versa. #Recording personal expenses in quickbooks how to
This is only to show you how to track transactions in QuickBooks. The information in this article is not meant to be accounting advice. You can track these purchases in QuickBooks with an Other Current Liability account. If you pay for company purchases or assets with a personal check, credit card, or cash, you have, in effect, made a “loan” to your company. Then how do you reimburse yourself for those cartridges from your business funds so that money goes back into your pocket? Those little guys are expensive! You put it all on your personal credit card.
You’re buying school supplies for your kids and printer cartridges for the printer you use for your business. Does this sound familiar? You’re in your favorite office supply store.
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