How to Fix Clients Mixing Biz and Personal Expenses in QBO

How to fix it in QuickBooks when a client mixes business and personal expenses. Basically, you want to put any personal expenses into an equity account. In this video I teach you how to diagnose the issue (what questions to ask your client). Then, in QuickBooks, put the transactions in either: an expense account, an equity account or an "I don't know yet" category. Then, once things are sorted out, I teach you how to work with your bookkeeping client to prevent this issue in the future.

RESOURCES MENTIONED IN VIDEO:

• Video: GAAP (generally accepted accounting principles)

• Video: Worst Client

• Video: Chart of Accounts

• Video: Clean Up

• Video: Catch Up