A have a client, technically the company, which gives a credit card to its only employee, the sole director, also the sole shareholder.
You know the sort of client. I am the company, the company is me.
The client does a lot of foreign business travel, meaning many transactions incur bank charges. He also withdraws cash and incurs even more charges.
Historically, it appears we try and code the business stuff to business, personal stuff to DLA. All bank charges are coded to bank charges and considered a business expense.
Is this right? My gut feeling would be if the client uses the card for personal expenditure, and that personal spend incurs a bank charge, then the bank charge should also be DLA as well.
The amounts aren't huge each time, but there is a LOT of them, usually three or four a month.