QuickBooks Pro Question.

[rwest]

Just starting up my small side business and have loaded QuickBooks Pro 2018 on my new business laptop.

So in starting up this little venture I have had to buy a few things and will need to post them as expenses.

Since I’ve used my own credit card to buy stuff until I get a business one, how do I record my expenses since they are actually already paid?

Do I list myself as the vendor, or do I list Best Buy, UPS store, etc as where I bought the items or service?

Any suggestions greatly appreciated as you folks have such a wealth of knowledge and experience.

Rutager

[red-beard]

You list the actual vendor. You put the item in, then you select it is paid and paid via credit card. You can then reimburse yourself from the business.

[rwest]

Thanks James,

I think of you every time I drive by this church with solar panels on the steep roof- they left an area free of panels in the shape of a cross! It faces a major freeway, so gets lots of people seeing it.

Rutager

[GH85Carrera]

Yo can set up the credit card as a separate account. I have mine that way. When the card closes and the statement is due to pay, it is paid from the company, and you car reconcile the credit card account. It even lets you add in a credit is something is returned. Just like the bank account, only it is the credit card account.