QB Issue Resolution:
You are on the right track. Create a Checking type account called Cash if you do not have one set up already. Each time an owner pays for something with personal cash, make a deposit into the cash account and use Owner Equity:Joe or Owner Equity:Bob as the account.
For each expenditure, write a check from the Cash account.
Resolution for Issue 'I have a company that has 2 owners who have paid alot of expenses out of their personal accounts. How to record this?' available: Yes (Solved).
Source: Intuit Community forum.
I have a company that has 2 owners who have paid alot of expenses out of their personal accounts. How to record this?: 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 Quickbooks/QBO
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