expenses paid with personal cc,do I have to do a JE for each expense
client pays expenses with person cc I know this has to credit to the loan acct and debit to the expense. Do I have to do a separate JE for each?
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02/08/12 10:19am PST
Viewed by asker 02/11/12 6:42pm PST
Viewed by asker 02/11/12 6:42pm PST
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cbwolfe
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Questions answered: 3
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The solution
You can do it one of several ways, the easiest way I've found is to keep track of the credit card in the QB file and any personal expenses record against the Shareholder Dist account. If you don't want to set up the card in the business file, set it up in the clients personal file and track the business expenses then do one journal entry at the end of the month.
