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March 20, 2023
Question

categorising travel expense payment

  • March 20, 2023
  • 1 reply
  • 0 views

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

March 20, 2023

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.