T
TonyS.
I use MYOB for my own business. I often buy items from my own funds
which are actually legitimate business expenses. I don't want to have
to set up a petty cash system so would like to know the best way of
posting these. eg. Stationery, journals Printer toner etc
I want the expense to show up under the appropriate expense account
but I don't necessarily want to be reimbursed as often there may not
be enough cash in the business account.
I imagine that this would be able to be treated as an injection of
equity but am not sure how to process the transactions.
eg?
expense acc: Printer consumables: Toner $60
Payment account: owner equity?
Is this possible/reasonable to do?
Cheers
T.
which are actually legitimate business expenses. I don't want to have
to set up a petty cash system so would like to know the best way of
posting these. eg. Stationery, journals Printer toner etc
I want the expense to show up under the appropriate expense account
but I don't necessarily want to be reimbursed as often there may not
be enough cash in the business account.
I imagine that this would be able to be treated as an injection of
equity but am not sure how to process the transactions.
eg?
expense acc: Printer consumables: Toner $60
Payment account: owner equity?
Is this possible/reasonable to do?
Cheers
T.