How do you record a business purchase made on personal credit card


B

BruceD

Help! How do we record credit card transactions used on our personal credit
cards prior to setting up the business credit card so that it is reflected on
company books.
 
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D

DL

Assuming you are using default chart of accounts, a payment / transfer /
journal from Owners Equity
 
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B

BruceD

DL
Can you explain a little further what your explanation means? I understand
accounting just not this software. Record the payment and then transfer to
owners equity from the chart of accounts? Thx!
 

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