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Posted by Golden California Girls on October 20, 2007, 8:51 pm
Please log in for more thread options Jacob wrote:
> How else would I keep track of who and how much is reimbursed from the
> credit card statement personal transactions? Open for any other
> suggestions other than JE's..... This is a management requirement..
> Thanks for your reply...
>
>>> What is a good procedure to isolate company credit card transactions for
>>> personal use? I currently debit a credit card personal use expense
>>> account? I need to reimburse the company for personal transactions. I
>>> need to create an invoice for the employees. Do I credit expense credit
>>> card personal use account? Is there an easier method than creating an
>>> income reimburseable account?
>>>
>> What's up with the "I need to create an invoice for the employees" part in
>> your post. Where is this coming from?
Allan is right, management is wrong. It isn't an A/R, it is a short term loan
or an advance. By trying to put it in A/R you will have to use JE's. I'm
actually wondering does management expect the employee to cut a check to pay
this off? Everywhere I've been it comes out as a P/R deduction. Changing an
A/R entry to a P/R entry, that's a lot of JE's!
Question is just how many credit cards are out there? If is isn't a pile you
can create items to put those personal charges to a payroll advance account for
each employee who has a card and create payroll items for the deduction to go to
these same accounts. No JE's!
True you do have to run a BS report to see who owes what before the payroll
entry, but I can't envision any system where you don't have to run some kind of
report for that.
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