Reimbursing a business partner

Question

Hi,

I have a few reimbursements to complete for a partnership business. Can I got to spend money create a supplier under the partner name and then allocate it under either Employee Reimbursements or Drawings?

Thanks

DuncanS · Answer

@rprimrose @Shella_A

Lets say a Partner paid $100 to Telstra from a Personal Account (in error) and wants to be reimbursed.

I would use a Spend Money posting to Telephone.

The Partnership would hold the Tax Invoice from Telstra.

Duncan

Shella_A · Answer

Hi @rprimrose,

This can be a bit tricky as it depends on how your partnership handles reimbursements and drawings. Best to check with your accountant for the right way to go about it.

Regards,

Shella