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Post Info TOPIC: VT question


Guru

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VT question
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Hello everyone,

Hope someone can help me with this. Currently I am using VT+ for a client and am not sure how to record items for the business in VT  that have been paid for with a personal bank card. They don't have a petty cash system so I'm not sure how to deal with it.... Thanks!



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Expert

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If they are a sole trader I'm happy just to set up a fake cash account and clear it to drawings monthly. You can journal everything, but it takes too long.

Kris

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BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 



Guru

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Hi Kris,

No they're a limited company....any ideas?

Thanks, Georgie

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Expert

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Tell them to stop, then as above but post to dla instead of drawings then charge them extra for the work they've caused.

Kris

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BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 



Guru

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So anything they've bought with a personal bank card that is used for the business I post to the DLA, have I got that right?

Best wishes
Georgie

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Expert

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Thats the one.

Kris

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BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 

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