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October 26, 2022
Question

Mileage Allowance for Directors

  • October 26, 2022
  • 1 reply
  • 0 views

Looking for some guidance on how to record a mileage allowance payment through quickbooks.

 

There are two directors who pay themselves a salary.

 

They will both be claiming the mileage allowance. When paying the two directors their mileage allowance will this simply be treated as an expense and therefore recorded as a debit in a 'petrol' account? Or do I have to go through a directors loan account? 

 

Any help would be appreciated.

 

1 reply

November 2, 2022

Hello BWMEA, 

 

Welcome to the Community page, 

 

We would advise that you speak to a trained and qualified accountant on how to record this in your Quickbooks account.