Thank you for the kind words! I'm so glad you find my videos helpful.
@user-vu1ci3fb5l5 ай бұрын
Okay for the first time since watching these KZbin videos, I have finally found the answer to my question with this video!!!! I bought stuff from Walmart and bought it with my personal card because my business didn't have the funds in it to buy the things I needed. I now know that I can create Walmart as a Vendor and search out everything purchased from that company!!!!! Thank you so much for this video!!
@GentleFrog5 ай бұрын
This makes me so happy! I'm so glad that you finally got your question answered. If you ever have a question that I haven't answered you can always let me know and I'll add it to the video queue.
@paulmaher17055 ай бұрын
Ah thank god, an explanation. I was entering pre trading expenes in the journal to the owner's equity account & could not understand why the expense was not showing up in the expenses section in Quickbooks. Seems crazy to me!
@GentleFrog5 ай бұрын
I'm so glad it helped you! If you ever have a question about how to do something in QB feel free to ask.
@user-op4lf8kf5m10 ай бұрын
Hi there! Great tutorial and explanation! Do you have any tips on uploading your personal expense receipts to these entries?
@GentleFrog10 ай бұрын
In the bottom left corner there's an "Attachments" block where you can import your receipts.
@sarab86188 ай бұрын
Nice video. Question- what if you have a credit card expense and paid for it on your personal card. If you want to pay yourself back, do you categorize it as an expense and liability OR do I make a journal entry and make a new BANK line to pay from?
@GentleFrog8 ай бұрын
There are many different ways to do this. It could be an expense that you log as an owner investment which you later repay. It can be a credit card called "owner credit card" which is later repaid from the business. It can be a bill, or a bank account or a liability called money owed to owner.
@stevenkmedia210 Жыл бұрын
Hello, great video! Better solution than the quickbooks support can give haha. I did have one question though, for the long solution would that still work for past expenses? I've been wanting to record the expenses but never knew the right way and didn't want to mess everything up. Thank you in advance for there reply!
@GentleFrog Жыл бұрын
Hi Steven, I would touch anything from previous years that you've paid taxes on. But anything from January 1st 2022 to now it'll work.
@LilOleMeAgain26342 ай бұрын
If I have a business Amex CC connected in bank feed and I made the monthly payment with my personal account how do i get the bank feed payment to match to the JE? When i make the JE from member investment it is increasing the CC balance but will match to payment. If I reverse the debit and credit it refuses to match.
@GentleFrog2 ай бұрын
It sounds like something may be incorrect with the imported transactions. You can schedule a 15-minute meeting and we can take a look at it together and get it straightened out: www.gentlefrog.com/meeting/
@Valynn.Beauty.Academy7 ай бұрын
How would I pay for something personally and make it a loan to the business instead of an owner investment?
@GentleFrog7 ай бұрын
There are a lot of options but the easiest is to enter it as a bill. If you have questions about specific instances of things you've paid for personally you can schedule a 15-minute meeting and we can take a look at it together and figure out what will work best for you: www.gentlefrog.com/meeting/
@ShannonSer Жыл бұрын
Do you have a video for when they pay Invoices and applying their payments to invoices. Can I use petty cash and then a journal entry to debit petty cash and credit Loan from Shareholder?
@GentleFrog Жыл бұрын
Hi Shannon, I'm not sure I understand the question. You can schedule a 15-minute meeting and we can go over what it is you're trying to do: www.gentlefrog.com/meeting/
@TheRemyRomano7 ай бұрын
Hi Rachel. This is very helpful but I am an accounting idiot. How do I eventually show that I got my money back from the business. I have tried to use journal entries to do this, but in variably, I mess up another account in the process.
@GentleFrog7 ай бұрын
You can schedule a 15-minute meeting and we can look at it together and find a way that works for you: www.gentlefrog.com/meeting/
@mjgumayagay2041 Жыл бұрын
Is the Owner’s Investment account the same as a Shareholder’s Loan account? I’m a new business owner that paid for a lot of things for my business using my personal funds, and I’m not sure if I should put it in Owner’s Investment or Shareholder’s Loan account. I do want those funds to be paid back to me within the initial year.
@GentleFrog Жыл бұрын
If you schedule a 15-minute meeting I can explain the differences and we can go over your transactions and decide what would be best for your business: gentlefrog.com/meeting