Reimbursing a business partner

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

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