How to fix personal charges with business funds...and vice-versa {QBO Tutorial}
We've all been in a situation where you might accidentally put a business expense on a personal card or the opposite. It happens! It's actually quite simple to fix this in your business books so that you have the RIGHT expenses recorded as business expenses.
In this video Hannah goes over how to record these expenses whether you are a single owner or have multi-member ownership.
0:00 Don't worry, it happens
1:08 Uber and Costco mishaps
2:35 Personal expense on business card
5:45 Paying the business back
7:09 Business expenses on personal
9:31 Saving receipts
11:30 Separate personal and business
To learn more about CFO services, go to: https://claracfo.com/cfo-services/
💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! https://claracfo.com/QBO
🙋♀Got Employees? Talk to ADP! They can help you if you are a small business owner or an accountant or advisor who works with small businesses. Learn more here: https://claracfo.com/adprun
💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! https://claracfo.com/melio
(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
CODE: TLGOWB6DTITCOACB, UNWEQT5L0XT5IUWD
Видео How to fix personal charges with business funds...and vice-versa {QBO Tutorial} канала Clara CFO Group
In this video Hannah goes over how to record these expenses whether you are a single owner or have multi-member ownership.
0:00 Don't worry, it happens
1:08 Uber and Costco mishaps
2:35 Personal expense on business card
5:45 Paying the business back
7:09 Business expenses on personal
9:31 Saving receipts
11:30 Separate personal and business
To learn more about CFO services, go to: https://claracfo.com/cfo-services/
💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! https://claracfo.com/QBO
🙋♀Got Employees? Talk to ADP! They can help you if you are a small business owner or an accountant or advisor who works with small businesses. Learn more here: https://claracfo.com/adprun
💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! https://claracfo.com/melio
(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
CODE: TLGOWB6DTITCOACB, UNWEQT5L0XT5IUWD
Видео How to fix personal charges with business funds...and vice-versa {QBO Tutorial} канала Clara CFO Group
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