How to Fix Comingling Personal and Business Expenses in QuickBooks Online

Описание: Get the full experience here:
https://nerdyurl.com/personal-vs-busi...

Get Bulletproof Bookkeeping here:
https://nerdyurl.com/bpbk-courses



Index

0:28 Two ways of how it happens

1:23 Seth has come up with a system that will help you separate the expenses

1:50 Set up a chart of accounts as Expense Reports

2:34 Create the audit trail in case you need to trace the document back

3:08 A cool trick according to Seth

3:31 Download a CSV transaction file and add them into a table

5:13 Cut down to just the business expenses to avoid commingling

5:34 Turn the numbers on the spreadsheets as negatives

7:00 Uploading transactions in the banking area in QBO

8:21 Fast way to sort the transactions and getting them inside QBO

8:56 Going through transactions to categorize

11:12 Run a balance sheet to view the expense report total

11:30 Write a check to reimburse the expense report

12:36 We pay something by accident through business cc for personal, how to fix it



This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Nerd Enterprises, Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Nerd Enterprises, Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.