03/30/2025
If you’ve covered business expenses with personal funds, it’s important to reimburse yourself properly to keep your books accurate.
Here’s how to do it the right way:
First, track every expense by saving receipts and noting what each purchase was for. Keeping detailed records ensures your books stay clean and tax-ready.
Next, record the expense in your accounting software under "Owner Reimbursement" or "Owner’s Contribution" so it’s properly categorized.
Then, pay yourself back using a business check, bank transfer, or payroll (if you’re on salary). Always reference the original expense to maintain clear records.
Finally, keep all documentation in case of an audit. Organized records protect your business and make tax season much smoother.
This process may vary depending on your accounting software, so if you need personalized help, send us a DM or set up a call with us!
Need help managing your records? We can make the process seamless!
