I need to process a purchase of a galaxy tab for business use into Pastel accounting that the owner purchased with his personal credit card.
Do I process this in the general journal and can you assist with what the contra account for this should be? Also do I process the VAT amount as a second line item? Or by inserting the code 01 into the first line item does that mean that Pastel Accounting will sort out the allocation of the VAT automatically?
Another question, not related to the above... is that I processed a Supplier's invoice incorrectly in Pastel Accounting in May this year. I only came across the error now. We paid the correct amount as per their invoice but I loaded R913 instead of R931 in Pastel. How do I correct this now?