Let m guide you on how to track your personal expenses and budget in QuickBooks Online (QBO), mackayhouse.
To track your personal expense in a business account, we'll need to record a personal expense from a business account. Even though you should avoid mixing personal and business funds, sometimes it happens. Here's how:
Tick the + New Plusicon.
Select Check or Expense.
Choose a Payee from the drop-down ▼ menu.
Tap the Bank Account, Cash Account, or Credit Card you used to make the purchase.
In the Category details section, select the drop-down menu to select the tax category that fits your need.
If you have QBO Plus, we can create budgets based on your accounting data where you can review and adjust everything. Then run financial reports to compare your actual sales and expenses with your budget. For the steps and details, check out the Create budgets in QuickBooks Online article. Feel free to visit our Help Articles page for more insights about running your business in QBO.
I'd like to know how you get on after trying the steps, as I want to ensure this is resolved for you. Please reply to this post and I'll get back to you. Happy Holidays.
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