How to record personal expenses and owner draws in QuickBooks Online

 

Business owners often use the company’s bank and credit card accounts to pay personal bills and expenses, or simply withdraw money to pay themselves.

Let’s go over what to do when the business owner pays for personal expenses with a company account and how to pay the owner with a draw. Plus we’ll show you how this affects the financial statements.

https://youtu.be/s51TvXWyvxM

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