I was unfortunate to have my bank account emptied by someone who had got hold of my card details, how remains a mystery.
The bank has since reimbursed the payments to my account.
How should these be tagged?
I have searched the topic in the forum but the threads are either 10yrs+ or breakdown in disagreement.
Hello @Karl_Jacobs
You would just account for them on the balance sheet and not affect your profit and loss
You should tag them as proprietor’s drawings (if you’re a sole trader) or director’s loan account (if you’re a limited company)
Then just tag the refunds to the same place.
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