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!

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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!

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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)