Problems with purchasing using private bank account and Capital Account

The business has bought something. I paid for it on my Personal Bank Account debit card.

I want to store the information so I’ve created a Purchase Order then Purchase Invoice. And taken the funds out of my Personal Bank Account. Problem is it records it as a Suspense AND also in Capital Expenses, so it’s double the amount (minus the VAT). I can’t seem to record the VAT Amount either.

Any ideas where I’m going wrong?

Thanks for your help.

When you purchase something for the company from personal funds, you should file an expense claim. See http://guides.manager.io/businesses/expense-claims. There have been some very detailed discussions and explanations of this on the forum. Search on “expense claim” to find them.

A post was split to a new topic: Purchasing Item for Personal Use