Started an LLC in 2023, paid for lot of expenses with personal funds - how to handle it?

Welcome to the Community, @jordande.

Let me help you handle your business expenses with personal funds in QuickBooks Online (QBO).

To record the business expenses you paid for with personal funds.

Here's how:

1. Select + New.
2. Select Journal Entry.
3. On the first line, select the expense account for the purchase.
4. Enter the purchase amount in the Debits column.
5. On the second line, select Partner's equity or Owner's equity.
6. Enter the same purchase amount in the Credits column.
7. Select Save and Close.

For the reimbursement, you have two options. You can record it either as a check or as an expense.

To record as a check, here's how:

• Select + New.
• Select Check. Or if you're in the Business view, follow the steps to switch to the Accountant view first. Then come back to these steps.
• Select a bank account to use to reimburse the personal funds.
• In the Category column, select Partner's equity or Owner's equity.
• Enter the amount to reimburse.
• Select Save and close or Save and new.

For expenses, here's how:

1. Select + New.
2. Select Expense.
3. Select a bank account to use to reimburse the personal funds.
4. In the Category column, select Partner's equity or Owner's equity.
5. Enter the amount of the reimbursement.
6. Select Save and Close.

For future reference, you can check this article to guide you in running reports: Run reports in QuickBooks Online.

Please don't hesitate to leave a comment below, if you have further questions about recording the expenses as personal funds or other QBO-related concerns. I'll be happy to assist you.