Quite new to accounting and as such self teaching myself based on the tutorials and guides on the website - great guides by the way.
My question is 2 parts:
Once I have purchased something from my personal account for the good of the business - do I create a capital account and place the amount spend here under received amount - Funds contributed- and create an expense claim for it? or do I just create an expense claim for it as it came from my personal account?
Once I have created the expense claim, how do I show the business has paid/reimbursed me for this amount?
Any help someone could offer would be greatly appreciated.