I have a business which involves alot of travelling. I am a sole trader, and act as a middle man for a US based company. My question is that I pay for business related expenses, such as hotels, parking, taxis, misc purchases, telephone, which I am reimbursed back. However I also use the US companies credit card to pay for things like business flights, fuel and high expenses, which of course are the companies expenses. My question is that should these expenses be included in my accounts, shown in turnover and expenses? I know expenses which I have incurred and reimbursed have to be shown in turnover and expenses, but i'm not sure about the expenses incurred by the company.
Any suggestions please??