Record transactions in QB Paid with owners cash and wants to get reimbursed?
How to record a transaction when we paid office supplies with owners cash and he wants to get reimbursed??
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wen77
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ProAdvisor
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07/07/10 6:32pm PDT
Viewed by asker 07/08/10 6:41pm PDT
Viewed by asker 07/08/10 6:41pm PDT
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Rustler
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07/08/10 4:38am PDT
Enter the purchase as an expense, use a current liability account titled something like "due to owner". Then write a check to the owner and use that account in the account block of the check.
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My QB tips Blog >> http://onsale-apparel.com/Rust...
When the majority, who cannot think for themselves, overwhelm the minority who can, you get ... convention.
My QB tips Blog >> http://onsale-apparel.com/Rust...
When the majority, who cannot think for themselves, overwhelm the minority who can, you get ... convention.
07/08/10 8:02am PDT
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You can just write a check to the owner and expense it to Office Supplies.
