QB Issue Resolution:

I’m not sure how I’m to record the purchase. Write Check?

I’m using Premier Desktop

I’m sorry, could you go through it step by step.

I’d really appreciate it

My apologies, I am so used to these questions being for QBO that I overlooked your desktop tag

 

bring up write checks on the cash type bank account

leave the pay to blank

On the expense tab-

line one – the expense account for what you bought and the amount

line two –¬† owner equity investment and the same number as a negative

save the zero dollar expense

 

For a company taxed as a sole proprietor (schedule C) or partnership (form 1065), I recommend you have the following for owner/partner equity accounts  (one set for each partner if a partnership)

[name] Equity (do not post to this account it is a summing account)
>> Equity
>> Equity Drawing – you record value you take from the business here
>> Equity Investment – record value you put into the business here

 

Resolution for Issue 'business expense paid with personal funds' available: Yes (Solved).
Source: Intuit Community forum.

business expense paid with personal funds: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for business expense
Quickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!

Error Recovery for business expense [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.

Get 50% off Quickbooks Online

Click Here for 50% off!

Additional Support Options: