Recording expenses paid by owner
How do I record expenses, such as a printer, that have been paid personally by the owner (myself), but need to be recorded in the company expenses? I am a sole proprietor business with no employees.
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04/22/11 11:50am PDT
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The easiest way to handle that is to reimburse yourself for the printer.
Simply write a company check to yourself for the amount you paid for the printer. Use office supply expense or an asset account if the printer was very expensive.
