5 years ago
Accidentally paid business expense on personal credit card
Hi
I recently paid for our Business PO Box on my personal credit card. How do I now account for this in MYOB? I do not run a petty cash account. Unsure how to process?
Hi FiJubb
Thanks for your post. If the business is going to reimburse you, I would record a Spend Money transaction and make the Pay From Account a suspense/clearing type account and allocate the amount to the applicable expense account. Then record a Transfer Money transaction with the Transfer Money From account as the bank account and the Transfer Money To as the suspense/clearing account.
Please let me know if you need further help.
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