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luvcsc
Nov 26, 2011, 04:51 PM
Hello,

I am starting a home craft items business and am working with QuickBooks Pro 2011. I had planned on having a starting bank balance of $1,000, but before I could open it, I ended up spending part of that money on personal things ($168.31). I would like to reimburse my business account that amount of money. How do I do this? Also, I used personal items for my business and calculated that expense to be $14.76. So, how do I show these transactions? Thank you

JudyKayTee
Nov 26, 2011, 06:23 PM
You are treading very dangerous waters in the event you get audited.

Your accounts should be completely separated if taxes are a concern.

You put the money back in your business account and label it "reimbursement."