expenses incurred personally and the DLA
Question asked by Mike Ashworth 3 years ago
i am in the start-up phase for my limited company. i have incurred some business expenses that i have paid for from my own pocket. Rather than wait until revenue is sufficient to pay my expenses i would like to "get them into the system" by utilising the Director Loan Account (which i've already set-up) and i will pay myself later on.
i am at a loss to work out where i would enter the following expenses into clearbooks
- £150 marketing expense
- £100 stationery
i am not registered for VAT
i hope someone can point me in the right direction as to where i need to go in clearbooks and the process i need to follow / entries to be made etc.