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July 3, 2024
Question

My Mom accidently used my company credit card!

  • July 3, 2024
  • 1 reply
  • 0 views

My mom used my company credit card for amazon by accident. I paid the credit card bill from my company as I always do. She paid me cash for the error and I wrote a personal check to my company to reimburse. How do I show the reimbursement without showing it as income? And how do I show the expense without it being an actual expense.... just an error in her judgement :)?

1 reply

BigRedConsulting
July 3, 2024

When entering the mistaken credit card charges and the reimbursement deposit, use an Equity account. That way neither will appear on your P&L.