I have looked through the forum posts but can’t find an answer and it’s just making me more confused.
I am trying to record business expenses I have paid from my personal bank account, and then re-imbursing them through a transfer from the company bank account.
My question is: what account do I record the expenses as coming from, and when?
Say, I paid an Advertising & Promotions expense - do I record it as “Advertising & Promotions” or “Capital Account > Owner > Funds Contributed”? Likewise, when I transfer the reimbursement from my company bank account, what account do I record that under?