QB Issue Resolution:
You cannot owe to/from yourself. You don’t need to repay yourself. You take Draws whenever you want to; it isn’t a Reimbursement process.
There is no loss from this activity. This activity is in lieu of business bank, not gain or loss (income or expense).
You can “close” your Credit Card or Bank balance to Equity, to bring it to 0 each 1/1. That is all you need to do.
Resolution for Issue 'Regarding business expenses paid with personal funds…at the end of the year, if owner contributions exceed amount of cash equity available to reimburse the owner…' available: Yes (Solved).
Source: Intuit Community forum.
Regarding business expenses paid with personal funds…at the end of the year, if owner contributions exceed amount of cash equity available to reimburse the owner…: 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 Credit Card
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Error Recovery for Credit Card [Canada]
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