Overview
Stock is purchased for personal use in the business but from your own personal card.
Then you need to reimburse yourself.
Paying your personal account
- Log onto your bank account on the WEB
- Transfer the money from your bank account to your personal bank account. Payment now reimbursed
Accounting for this Bank Payment in Readysell
- Log onto Readysell>Financials>Cashbook>Bank Payments
- Working off your bank statement click on New
- Date the payment the date on the bank statement
- Tender = SEFT or DD
- Bank = Main Bank Account
- Description = something like reimbursement for milk from personal card
- Payment Ref = one word off the bank statement
- General Ledger Account = Expense account relating to the purchase eg Staff Amenities
- Tax code = select the right code if tax applies
- Value Inc = total value on the bank statement
- Click on Finalise
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