11689
Cash transactions for expenses and Bills
QuickBooks Premier: 2009: Nonprofit
11/1/09 2:11 PM, Viewed by asker 11/1/09 2:38 PM
Total Views: 16
11/1/09 2:11 PM, Viewed by asker 11/1/09 2:38 PM
Total Views: 16
What account should I set up for cash payment of bills
All Replies: Answers (1)
Rating 0
Answer
11/3/09 5:45 AM
Is it personal cash being spent? Will the business reimburse you for it? You can enter a journal entry to debit the expense and credit due to owner or owner's contribution or something.
PLEASE mark this answer as solved (click the button under the answer in the lower, right corner) or post additional questions.
Michelle L. Long, CPA, MBA
Author of the book "Successful QuickBooks Consulting"
http://www.LongforSuccess.com
Linkedin Group: http://bit.ly/9e3RB
Facebook Page: http://bit.ly/1q72VW
Author of the book "Successful QuickBooks Consulting"
http://www.LongforSuccess.com
Linkedin Group: http://bit.ly/9e3RB
Facebook Page: http://bit.ly/1q72VW
