How would I enter personal purchases made on a business credit card? I’m unsure which accounts to use. Thanks!
Hi ellisc - all you have to do is enter the Shareholder account number. If in the Purchase Journal, you still CR the company credit card but would DR the Shareholder account....meaning that the Shareholder is expected to pay this back to the company (or it will offset any amount owing to the Shareholder)
Hi ellisc - all you have to do is enter the Shareholder account number. If in the Purchase Journal, you still CR the company credit card but would DR the Shareholder account....meaning that the Shareholder is expected to pay this back to the company (or it will offset any amount owing to the Shareholder)
*Community Hub is the new name for Sage City