I accidentally paid an personal bill from our company credit card. I then wrote a check from our personal account and deposited it in our business account. How do I enter all of this in quickbooks fix it so that my accounts will reconcile at statement time?
I have an account set up for these transactions.
Other Asset: Employee Charges Receivable #1250. (Personal Charges to be reimbursed by employee).
The charge is entered as a normal credit card charge. The expense account is #1250 Employee Charges Receivable. The charge is reconciled when the credit card statement is received as normal.
The reimbursement check is deposited under: Banking Make Deposits. Received by: Your name, Account: #1250 Employee Charges Receivable. Memo: Brief description. Check No., Amount. to be filled in. Also, I put in the memo line Personal Expense reimbursement.
