CC purchases: If you have a personal debit card and you’re using this card for business expenses would these expenses go under shareholder loan? This is for a Canadian Corporation.
I would setup a CreditCard account for the OwnerDebitCard and just treat it like a normal credit card liability. You then record CC purchases with sales tax coded in the normal manner. Any repayments to owner for those purchases would be recorded as a payment towards that credit card account.
If […]
Resolution for 'CC purchases issue: 'If you have a personal debit card and you’re using this card for business expenses would these expenses go under shareholder loan? This is for a Canadian Corporation.' available: Yes.
The CC purchases 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 CC purchases issue yourself by looking for a resolution described in the article. If it is a complex CC purchases issue or you are unable to solve the issue, you may contact us by clicking here or by using other CC purchases support options.
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