Hi
Due to technical (useless website!) reasons I recently had to make a personal purchase using the business (Ltd) card.
All CC transactions are held in a CC account and the current account, card pay off is allocated to it in the normal way. How do I debit the DL account for the amount of the card purchase.
Thanks!
Firstly all CC transactions should be held only on the credit card bank account on Quick File, then when you make a payment to the CC from your Business account, this should be tagged as a transfer to the the Credit Card.
With regards to personal transactions on the business card, all you need to do is simply tag all personal purchases as a transfer to the relevant Director’s Loan Account (DLA).
Yep that’s how I manage the CC transactions - I just explained it badly!
Tagged it as a transfer to DLA as suggested, Thanks for your help!