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Mar 20, 2023 4:32 PM UTC
Question

categorising travel expense payment

Limited company.

I have used the company current account to pay a director mileage payment and also a mobile phone % payment as two end of year expenses. 

Do I categorise these as an expense or transfer? 

if a transfer, which account e.g. Directors current account - followed by a journal entry?

I need a simple solution if possible!

 

Thanks for any advice

1 reply

Mar 20, 2023 4:58 PM UTC

Hello Gwy1, thanks for posting on the Community page,  we would advise you speak to an accountant on how best to record this as we are just technical support.