Cash reimbursement

[TGC]

While Starting my S-Corp I incurred many expenses that I had to pay out of my own personal account

1) Does anyone know in Quickbooks Pro how can I reimburse myself for these expenses.

2) I also have a couple of bills each month that I have to pay out of my personal checking account and want to reimburse myself for a percentage of thoses expenses

3) I also have a few cash expenses each month ( taxi, lunch etc..)

I want to reimburse myself for all these expenses, I do not want to put the expenses back into the company and 1 and 3 for the most part I will not be billing a specific client for these expenses.

[suzannemead]

For most of the expenses you incur you can simply write yourself a check and post the expense to the appropriate account. For example - if you buy office supplies and pay for them yourself, write a check to yourself and use Office Supplies as the account you post to. You should discuss with your tax accountant any expenses incurred for the startup of the S Corp. that you paid. These are treated differently. Your personal lunch shouldn't be charged to the business. If you take a client to lunch keep detailed notes along with the receipt about who you enterained, etc. Meals & entertainment aren't fully deductible. Your tax accountant will know how to how that issue also.

[TGC]

When I Make a check out to myself for the reimbursement, What type of account am I considered (Vendor)? The Program won't let me make a check out to myself unless I'm on the vendor list.

[suzannemead]

You can be a vendor. If your name is used elsewhere in the file just make the vendor name a little different -