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hi this is Jason from the QuickBooks team business owners often use the companys bank and credit card accounts to pay personal bills and expenses or simply withdraw money to pay themselves lets go over what to do when the business owner pays for personal expenses with a company account and how to pay the owner withdraw plus well show you how this affects the financial statements select bookkeeping transactions to see your downloaded transactions note that your QuickBooks may look like this when you download a personal expense its tempting to exclude it since they arent business related the problem is that every month you need to reconcile your accounts which is when you compare your bank and credit card statements to what you have in QuickBooks to make sure they match if you exclude any transaction that youll see on your statement later you wont be able to reconcile first enter the payee if the transaction was with an individual or business that isnt on your vendors list you c
