 into the system as a pay bill form here, which will then record it as a decrease to the checking account. And then when it clears the bank feeds, we can match it with this form. So I'm gonna say, let's say we're gonna say save and close. We matched it here and this should be in 24. Let's say it happened on O32424. So let's say that's when we were, and let's say we didn't actually write a check, but maybe we did an electronic transfer that is going to go through. Will that allow me to do it save and close? Okay, and then if we go into our banking, it would eventually clear the bank. Once we have that electronic payment that we just recorded manually cleared the bank, then it would come through to the bank. So we recorded these transactions that kind of matched up exactly to the receipt. But if I enter, see this one has a match, one match found and it's matching up the bill now. So now it's matching up this bill. So that's how you can kind of format that. So if you wanted to use the receipt to then enter the transaction, generally you probably wanna go through that accounts payable system. So you get the receipt, you say, you give me that, I'll reimburse you, you create a bill with it. And then you wanna actually generally pay the bill. And then when the payment goes through the bank feeds, you could match the pay bill here that you've already recorded it. In other words, if I go to my balance sheet, when we paid the bill, the accounts payable went back down. So I already recorded the decrease to the accounts payable. So it went up and it went back down. And then the other side, if I exit this out, goes into the checking account. So if I go into the checking account and we say that there was the check that's going out of the checking account. So if I go into that check, there's the bill payment. Now that bill payment, once it clears the bank, if I go back on over and exit and say once it clears the bank, it will then should match out. It should most likely be able to find that bill based on the amount and the date and tie it out. And so then we can just say match, no new transaction happening at this point in time. We're just matching it out. So that's one scenario that you can have with a contractor and employee. You might, or some reimbursement type of situation you can imagine using the receipts for that. Now, if I go back on over to the receipts, another way that you might have the receipts or use the receipts is if you're a sole proprietor and you use your own, you're trying to separate your business account from your personal account and you do, but you do something where you used your personal money to pay for a business expense and you wanna take a picture of the receipt so that you can put it in your expenses for your taxes and whatnot. So let's imagine, for example, that we have this one. Let's just go into this one here and we're gonna say, all right, this was the restaurant. Now, this was a business meal. This was a very important business meal that we had, but we pay for it with cash that was personal or with my personal credit card. So I take a picture of the receipt and with my app or whatever and then I put it into QuickBooks and now I need to make a transaction. I can't match it to the bank account because I didn't pay it with my bank or my business credit card. I paid it with my personal credit card or cash or my personal side. So now I have to add it to my books. So what's the transaction that needs to happen here? Well, if I'm gonna call this meals and entertainment that was business, I'd need to have an expense of meals and entertainment and the other side would have to go, you would think like to draws, right? Cause I'm reimbursing myself or it could go to an equity account because I paid it personally. So I could put it directly to an equity account. So that's one thing we can do. So in other words, one way you can do this is you can say, okay, I'm not gonna create, maybe you don't wanna create a bill with it. Maybe you don't wanna reimburse yourself or make a financial transaction. You're just gonna say, I'll just make like a journal entry with it. So if you made a journal entry with it, you'd say, I gotta increase the expense account. And then, so let's say it was for 46.58, the journal entry would look something like this. It would be like the account would be meals and entertainment or something like that. Business meals or something. It would be an expense side of things. It would be, I'm just gonna say other business expense, meals and entertainment and we'll save it. And I forgot what the amount was again, but it was like 58, let's just say. And then the other side would be going to some equity account like draws. Now you're actually kind of increasing the equity account. You can call it an investment account, but you might have a one equity account that's increasing and decreasing for the draws and possibly the investment. So I'm gonna net them out in draws. So it's gonna be into draws. I have home office draws. So I'll just call draws in general and then I'll make it to be an equity type of account. And then we will put it into owner's equity, let's say draws with an S maybe. And then I will save it. And then you might put in the description that this is something you paid with personal, paid with personal account or something like that in the description. But notice there's no easy way to attach that receipt this way. I mean, you've got your attachment over here. So if it's on your computer, you can kind of attach it and you're kind of recording something with a journal entry, which isn't like the best way to do it often. Like you kind of like to record stuff with the expense forms or the check forms and the deposits and whatnot. So this is one way you can do it, which is kind of like the fastest way. So if I recorded this, I'd say on the balance sheet, now I've got my draws, which are actually increasing because I actually paid for a business thing from the personal side. So this is kind of like an investment, but it's netting out to draws. The draws accounts will kind of net out. And then the other side, it's netting out in your equity account. And then the other side is recording the actual expense to the meals. And did I put it in the right? Yeah, there it is, right there. But it was recorded with a journal entry and we don't have that, we used the receipt possibly to make the transaction, but we didn't actually use it to build the transaction. We used the receipt to know what the journal entry should be. And we got it on our expensive report in that way so that we can make our schedule C and have the proper deduction for the expense if it was a deductible item. But we didn't really add it with the receipt. So the other way you can do it is you can say, all right, well, if I had this receipt right here, I could reimburse myself for it. And that way I can have an actual transaction that would go through the bank account and give me that kind of actual physical audit trail and then I can use this receipt to attach as I do that. So to do that, you'd probably wanna record this not as an expense form but as a bill and then pay yourself and then record it that way. So you could say, okay, this is gonna be a bill to the owner, which I'm just gonna set up as a vendor. And so we'll keep the date there on the bill, the memo, reimburse owner for business. Expense paid out of personal account. And then let's say this is 04524, that's a required field. And then we'll say the category that we're gonna put this to is once again, the draws is gonna go into, well, hold on, no, the category that it's gonna go to is meals, meals and entertainment for 46. So what's this gonna do? It's going to increase, it's a bill now. So it's gonna increase the expense of 46.58 and increase the accounts payable, which is a liability account, just like a bill.