How do I record and refund business expenses paid for from personal checking and credit card accounts?

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I would like to also know the answer to this question

I would also like to know

Hi dbtack,

The answer will depend on the entity of the business.  Entity - Sole Proprietor, LLC and how taxed, C or S Corporation.  When you say "refund" your personal account - did you receive a refund or are you talking about reimbursing?

Laura Kaniuk - LJK Bookkeeping Services

I have an LLC. When I say "refund", I mean paying my family/personal VISA and checking accounts back for monies spent paying for LLC fees, business licenses, marketing, and seed money.

I keep reading that one needs to keep business expenses and personal expenses separate, but I had to start somewhere and I set all this up before I set up my checking account. I know that was the wrong order, but that's the way I did it, so now I need to "fix it" as far as my book keeping goes.

Thank,
Alisa - www.dbtack.com