Hi,
I like to put all my expenses through my personal credit card. This card is linked to my business paypal account. Which in turn is an account tracked through my freeagent.
When I purchase say some Jiffy bags. Freeagent sees this as Money Out (stationary) - and for the same amount Money In as a (Credit Card//Transfer/£24.78 ).
For example below:
20-02-2012 Jiffy Bags - stationery - inc £4.13 VAT 24.78 tick
20-02-2012 Credit Card//Transfer/£24.78 24.78 Red_unexplained
How is the Money In explained? Is this now part of the Directors Loan. Normally I would add an expense for this receipt, but Paypal has already accounted for this the money in, I just need to explain it.
Any help would be greatly appreciated.
Regards
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personal credit card payments through linked business paypal account
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Hi,
I'll respond to you on this, via our support desk separately.
Kind regards
Ingrid -
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