How do I account for an emergency payment from Business bank account

Accounting
1

I had to use the business credit card for an emergency payment (it was discovered that the PIN on my personal debit card was faulty) of £40.01 I now need to account for this in QF. Currently the DLA is owed £200+ so I need to show that the DLA is reduced by the amount owed less £40.01 but I’m unsure how to do this correctly. Can anyone shed some light on this for me pls?

2

I am not an accountant by any means, but would you not just tag it as a transfer between accounts?

3

Hi Daniel, thanks for your response. I did try doing this but it didn’t work for some reason. Think I’m probably over complicating things with bank tagging also.

4

Tag it as “Director Loan Account” from bank screen, click on tag then select “Salary, dividend or other drawings” then Payment Type: Director Loan Account"

5

Thank you, all now sorted.