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by joannefairclough
12 Apr 2009, 18:38
Forum: Sage 50 UK version General Help
Topic: Using Personal Funds for Business Purchases
Replies: 1
Views: 3210

Using Personal Funds for Business Purchases

We have made several purchases for our business (Ltd company) using personal credit cards and in order to reclaim the VAT we have recorded these purchases as being made from a Directors Loan Account. We have then loaned the Company money to cover these purchases, entering the loan as a receipt into ...