Personal check accidently written on Biz check...


A

Alan Mailer

I grabbed the wrong checkbook last week and ended up writing a check
on my Quickbooks business account which should have been written using
my personal checkbook.

I now want to 'reimburse' my business for the amount of the check.

What is the best way to go about recording the personal check that I'm
about to write to my business in order to correct my mistake?

Thanks in advance.
 
T

Tee

Alan Mailer said:
I grabbed the wrong checkbook last week and ended up writing a check
on my Quickbooks business account which should have been written using
my personal checkbook.

I now want to 'reimburse' my business for the amount of the check.

What is the best way to go about recording the personal check that I'm
about to write to my business in order to correct my mistake?
You can record the deposit of your reimbursement check to the same account
you recorded the business check you'd written.
 
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M

Mike Block-Tax Cut CPA

If both the personal and business bank account is maintained in
QuickBooks then pass a journal entry debiting Business Bank account and
crediting Personal Bank account. If only Business Bank account is
maintained in QuickBooks then Debit the Business Bank account and
credit the same account that was used before when recording the entry
of writing the check from Business Bank account.


Mike Block - QuickBooks Tax Cut C.P.A.
Intuit paid me to make QuickBooks better!
http://www.blocktax.com/
http://www.quickbooks-add-ons.com/
 

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