How to handle reimbursements for purchasing from personal bank Account

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

1. Log onto your bank account on the WEB
2. Transfer the money from your bank account to your personal bank account. Payment now reimbursed

Accounting for this Bank Payment in Readysell

1. Log onto Readysell>Financials>Cashbook>Bank Payments
2. Working off your bank statement click on New
3. Date the payment the date on the bank statement
4. Tender = SEFT or DD
5. Bank = Main Bank Account
6. Description = something like reimbursement for milk from personal card
7. Payment Ref = one word off the bank statement
8. General Ledger Account = Expense account relating to the purchase eg Staff Amenities
9. Tax code = select the right code if tax applies
10. Value Inc = total value on the bank statement
11. Click on Finalise