Credit card transactions

Posting transactions made on owners credit card

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For anyone with experience of cloud accounting, please can you advise how you post credit card transactions.  The business owner has paid some of the expenses of the business using his personal credit card so wondering how to account for these.  Should I just create a directors loan account as a "bank account"? Many thanks

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By Matrix
13th Jun 2018 14:32

I would create it as a Debtor since you can't post journals to a bank account but it is up to you.

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Scalloway Castle
By scalloway
13th Jun 2018 15:05

Should I just create a directors loan account as a "bank account"? - Yes

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Melchett
By thestudyman
13th Jun 2018 23:58

1) Setup the director as a vendor/supplier
2) Ask the director to submit an expense claim
3) Post to the relevant account
4) Pay director

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