Accounting for cash expenses paid by me

Question asked by Michael O'Toole 5 months ago

Hello,

I have a Limited Company and I have a number of expenses that I have paid for with my own cash, but when added to clearbooks as a bill, i have gone into a negative balance when I reconcile with my bank accounts. Should I input them into the DLA as a credit to the DLA?

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Hi Michael,

Apologies for the delayed response, please see: Employee Expenses - Expense claim forms

Alternatively, if you want to track expenses via a DLA, you can record a payment against the bill using this account. When you decide to pay yourself back in future you can process a transfer from your business account to the DLA.

Tommy

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4 weeks ago

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