{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Bookkeepers On Fire with Deb & Donna","title":"Owner’s Draw Drama","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/d43c8ead\"></iframe>","width":"100%","height":180,"duration":304,"description":"🔥 Bookkeepers, Let’s Talk About That “Personal” Credit Card Used for Business 🧾💳 In this sizzling episode of Bookkeepers on Fire, we tackle a classic hot mess:A client uses personal credit cards mainly for business expenses—and pays them from the business bank account. Sound familiar? 😅 Here’s what we covered: 📌 Don't Call It Owner’s Draw – If it’s a business expense, treat it like one. The credit card payment should reduce the liability, not become an equity withdrawal.🧠 Track It Like Business – Set up the card as a liability in your chart of accounts. Call it “Personal - AMEX” if that helps, but treat it like any other business card. 📊 Debits & Credits Rule – A little T-account action never hurt anybody. Follow the trail: Expense → Liability → Payment. That’s how you avoid the mess. 💥 If you’re sweating over how to categorize payments like these, this episode is your fire extinguisher. 📬 Drop your burning bookkeeping questions in the comments!🔥 Join our Bookkeepers On Fire Community to connect 🤝, collaborate 💬, and thrive 🚀 with like-minded professionals who are passionate about bookkeeping, accounting and business growth.Join us here: Bookkeepers On Fire Community  Bookkeepers On Fire is proudly ad-free and 100% listener-supported, so we can bring you unfiltered conversations without outside agendas. If you enjoy the show, consider donating to help keep our mics hot and our mission independent. 🔥Donate with Venmo🔥    🔥Donate with PayPal🔥  #BookkeepersOnFire #SmallBusinessAccounting #OwnerDraw #QuickBooksTips #BookkeepingHumor #CreditCardChaos #AccountingTips #DebitsAndCredits","thumbnail_url":"https://img.transistorcdn.com/R2pvwFksmaC-4-_QUMQpxSA7hXL8bQssGZKIEWtHBkY/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85Yjgw/OTZlZjdlYjIxOTYx/MmNjMzkzNTczNmRk/ZjM3NS5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}