QB Issue Resolution:
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I prefer to use equity accounts, I recommend you have the following for owner/partner equity accounts (one set for each partner if a partnership)
owner/partner equity drawing – you record value you take from the business here
owner/partner equity investment – record value you put into the business here
I then double click on the investment account to bring up the register and make an entry
if/when I pay myself, I use write checks and use the drawing account as the expense account on the check
Resolution for Issue 'What’s the proper way to track business expenses made with personal funds?' available: Yes (Solved).
Source: Intuit Community forum.
What’s the proper way to track business expenses made 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 equity account
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Error Recovery for equity account [Canada]
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