Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Home-Based Business (https://www.askmehelpdesk.com/forumdisplay.php?f=155)
-   -   Starting Home Business (https://www.askmehelpdesk.com/showthread.php?t=614936)

  • Nov 26, 2011, 04:51 PM
    luvcsc
    Starting Home Business
    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
  • Nov 26, 2011, 06:23 PM
    JudyKayTee
    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."

  • All times are GMT -7. The time now is 08:41 AM.