Resources

QuickBooks Online (QBO) users are frustrated with rising costs, forced subscription models, performance issues, and missing features. Solutions include exploring alternative accounting software, optimizing QBO workflows, and working with certified professionals to ease the transition. Why Are Users Angry About QuickBooks Online (QBO)? Over the past six months, discussions on r/Accounting, r/QuickbooksOnline, r/Quickbooks, and r/Bookkeeping...

Yes, your journal entry is mostly correct—but let’s refine it to avoid equity account confusion and IRS red flags. Here’s the simplified approach: Debit Business Credit Card Expense: $150 (total bill). Credit Business Checking: $100 (portion paid by the business). Credit Shareholder Contribution (Equity): $50 (owner’s personal payment). No need for “Personal Funds Clearing” or “Loans to...