While it is not advisable to mix personal and business funds, you may encounter situations that will require you to do so.

When you pay for personal expenses using business accounts or funds, you must first record the personal expense using the company's account and then reimburse the company.

Record personal expenses using the company's account

To record the personal expense:

  1. Select the Plus icon (+) on the Toolbar.
  2. Under Vendors, select either Check or Expense.
  3. Select the Payee from the drop-down list.
  4. Specify the Bank Account, Cash Account, or Credit Card with which the purchase was made.
  5. In the Category details section, specify Owner's Equity or Partner's Equity in the Category column.
  6. Enter the Amount of the purchase.

  7. (Optional) In the Description or Memo field, you can add a note to help identify the transaction.
  8. Select Save and close or Save and new.

Once you record the expense, you must reimburse the company for the amount of the purchase.

Reimburse the company

To reimburse the company for the personal expense:

  1. Select the Plus icon (+) on the Toolbar.
  2. Under Other select Bank Deposit
  3. Specify the Account to which to add the reimbursement, and the Date.
  4. In the Add funds to this deposit section, enter Partner's Equity or Owner's Equity in the Account column.
  5. Specify the Amount of the reimbursement.
  6. (Optional) In the Memo field, you can add a note to help identify the transaction.
  7. Select Save and close or Save and new.