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Split purchase between director loan and Bus. exp


#1

I have an expence from Plusnet my phone and broadband supplier. I usually account for this 50% business expence and 50% director loan account being as the connection is installed in my home.
How do I create purchase and tag to reflect this please.
Thanks,Steven


#2

Do you pay for it yourself or from the company account? Either way I would create a purchase in QuickFile for just the business-related 50% and mark it as paid from the DLA. If you’re paying with your own money then that’s all there is to it, if the company pays the bill then tag that payment as a transfer to the DLA (which cancels out the payment for the business half and treats the personal half as a loan from the company to you).


#3

Thanks Ian that seems to work.


#4

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