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Thread: Capturing of Loan Account Transaction from Director - Sage pastel online

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    Capturing of Loan Account Transaction from Director - Sage pastel online

    Hi there

    I am looking for the best way in which to capture "receipts" of purchases made by the director using his personal Funds. The receipts are for business expenses such as meals, travel, accommodation, marketing and advertising etc for which the director used his personal funds.

    Could I create a supplier account for the director, and create an invoice for each month and each receipt thereby making the supplier account payable to him at a later stage ?


    Thanking you in advance

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    I would create a general ledger account and use a cashbook to capture these payments

    For example: Director Paid X - R250, Y - R500 and 7 - R1500 for meals, travel and accommodation: Total: R2250

    So You will enter into your cashbook:

    Payments - Capture the details from the actual slips - 3 Entries
    Receipts - Capture a receipt from the General ledger loan Account for R2250

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