Record Out-of-Pocket Expenses
QuickBooks Canada : Premiere Accountant's Edition 2012How do I record and reimburse for out-of-pocket expenses paid by owner (incorporated)?
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dk7oYiZAar4iYiacwZ5xHE
08/23/11 8:58am PDT
Viewed by asker 04/18/12 11:13am PDT
Viewed by asker 04/18/12 11:13am PDT
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Safari818
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08/23/11 8:08pm PDT
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There are a few methods, this one is efficient:
Create a "Credit Card"-type account called something like "Due to Shareholder" or "Expenses Paid by Shareholder". Enter the expenses as "Credit Card Charges".
To reimburse the owner, write a cheque to him and select the credit card account on the "Expenses" tab.
