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    luvcsc's Avatar
    luvcsc Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 26, 2011, 04:51 PM
    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
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
     
    #2

    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."

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