I accidentally used my business credit card to pay for a personal item, what do I do? In this video let me show you how to properly record this transaction within QuickBooks. This is the same way you will record payments to yourself from your small business as well. If you are a sole proprietorship or an LLC, this type of transaction will be sure to come up in the life of your small business. If you are using QuickBooks to manage your small business bookkeeping, it is very easy to properly categorize this type of transaction. Let me show you what to do when you accidentally use your business credit card to purchase a personal item.
In this video I am using QuickBooks Simple Start for my small business accounting. You can find it here:
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This video is for informational purposes only. Consult your accountant or tax professional for advice on your unique situation.
