Hi, How can i pay back an expense I’ve incurred as an employee to myself?
Hi, How can i pay back an expense I’ve incurred as an employee to myself?
1 answer
Are you a sole trader or limited company?
Hi, How can i pay back an expense I’ve incurred as an employee to myself?
Are you a sole trader or limited company?
Add yourself as an employee.
When you mark a bill as paid you'll see your name in the drop down with bank, credit card.
Just select you and we automatically add it to your payroll run. Then simply pay yourself and the expenses will be included, all the Tax movement done and your management reports updated.
You can edit the amount in the payroll run and Bullet will carry the remainder forward to next month.
You don't need to be using us for payroll to do this, but you will need to activate payroll as it's a payroll function for revenue. But, it wont effect your current payroll.
Hope that makes sense?
Pete
Are you registered as an employee of SD?
What you need to do is the following.
Click Wages on the left and follow the import your P2C file format. Bullet will set you up perfectly and 100% correct in about 2 seconds.
Then simply pick your name in the drop down when paying bills and we'll add them to your payroll.
Also track your mileage, it's hugely valuable to you to reduce your tax bill. Just keep adding it, you can do a fake trip now to see how it works (once you're setup)
Have a read of this too
You too man. Keep it spicy.