How Do I Record A Director Reimbursement Back Into The Company Bank Account For Previously Recorded Expenses?
How Do I Record A Director Reimbursement Back Into The Company Bank Account For Previously Recorded Expenses?
1 answer
Hi Darren,
There is no real easy way to do that in Bullet, you can purchase items as a director and expense them. But you’ll need to use manual journal entries to correct this in Bullet and we only recommend accountants do that for clients unless they’re very familiar with the double entry accounting system.
If you don’t use the journal entries it will throw off our reports and bank reconciliations.
You can access the journal entry system by going My Company > Manual Journal Entries an accountant should get it done 15 minutes.
Cheers
Pete
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Got it - thanks!
Just explain that a bit more to me and I'll show you what to do.
Pete
I've recorded a bill for an item and paid from the company account. As its a personal bill, not an item being used by the company, I want to record a credit back into the company account.
Pete