You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Accounting treatment of Personal expenses for "BOTH PAY" Option.

edited Feb 14, 2024 4:58PM in Expenses 3 comments

Note: This question is for "Both pay option" ONLY AND not "Company Pay" option .Company pay option has different accounting treatment.

Hi

We have enabled the "BOTH PAY" Option for our expenses. We noticed that for BOTH PAY option when we mark the expense as "Personal" then that particular expense disappears from the "Available Expense Items" section of Expenses (this section stores all cash and credit card transactions)

Question:

What happens to this card transaction marked as 'Personal'? Is there a payment request/invoice created for the same ? If invoice created then for whom it is created and for what amount?

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!