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    lkychk2000's Avatar
    lkychk2000 Posts: 1, Reputation: 1
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    #1

    Apr 11, 2007, 11:05 AM
    Creating specific accounts
    I have to create an account to keep a tally of what is owed for reimbursement for purchases made with personal cash. How should I do this? Should it be in with accounts payable? Please help having mind fart!
    goldenbutterfly's Avatar
    goldenbutterfly Posts: 63, Reputation: 8
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    #2

    Apr 11, 2007, 11:50 PM
    Quote Originally Posted by lkychk2000
    I have to create an account to keep a tally of what is owed for reimbursement for purchases made with personal cash. How should I do this? Should it be in with accounts payable? Please help having mind fart!
    You can create a separate account to charge the purchases made with personal cash.

    Let's say you bought office supplies with your own money and requests for reimbursement:

    Dr Office Supplies xx
    Cr Accounts Payable - Employee xx (or whatever account name you prefer)
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