Backwards: Personal credit card used exclusively for business expenses
My answer is No.
The issue of LLC means that the partners are only reimbursed if the LLC documents provide for this, and the IRS is monitoring this as one of their Hot Button issues.
“and used my personal credit card to register our company vehicles.”
Then, you paid personally. If you are […]
Resolution for 'Backwards issue: 'Personal credit card used exclusively for business expenses' available: Yes.
The Backwards 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 Backwards issue yourself by looking for a resolution described in the article. If it is a complex Backwards issue or you are unable to solve the issue, you may contact us by clicking here or by using other Backwards support options.
For more information about resolving issues related to Backwards in Quickbooks/QBO or to get support for the issue 'Personal credit card used exclusively for business expenses', click the link below: