I am using quickfile for my limited company. I have made some purchases on behalf of my company (stationary and a software licence), using my own personal bank account. I have recorded the expenses in excel and a purchase invoice #QF00001. Can I just transfer the value of the expenses from by business account to my personal account and mark the invoice as paid? Sorry not sure of the procedure. Any help would be appreciated please. Thanks.
You mark the purchases as being paid from the directors loan account. And then when you transfer the money out to repay yourself you again tag that as a directors loan account
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