Expenses Basics

[JustTel]

Again I'm new to this so please bare with me.

I think that I have inadvertently worked out how expenses work but I require further explanation to get things straight in my head...

I used my personal money to buy some stock for the company but I did not do it through the company (Paypal account was not active in time, although in hind sight I could have done it slightly different i.e as a Director Loan).

Anyway I presume that paying for stock from my own personal account will go down as an expense? How do I record my expenses and eventually, when the company can afford to repay me, how do I show the repayment on TAS?

(Hope this is in the right forum)

 

[JustTel]

I've "moved" this to accounts and finances thinking it maybe more suitable there. I can't see how to delete this one....

 

[David Richards]

Yes, as per your other thread. If you're going to be doing this on a regular basis, then using a Director's Loan bank account will be the simplest way. Then you just record money out from this account every time you pay a bill with your personal money.