Expenses Spent by Boss

Expenses Spent By Boss

Many times, The boss uses his personal credit card or cash to buy stuffs for the business. It gets settled to the boss and also needs to be recorded as a Business Expense. Now let me show you how such expenses are accounted for in Moiboo Software

1.Go to journal under accounting tab.
2.Click on add journal.

3.Now Add Description.
4.Select date.
5.Select Loan from Director Ledger or Capital Ledger and Add credit amount.
6.Select Expenses Ledger and Add debit amount.
7.Now click Save.

8.Click journal under accounting tab.
9.Add Journal.

10.Now select Loan from Director Ledger and Add Debit amount.
11.Select Bank and Add credit amount.
12.Click Save.