Accounting for use of Personal Credit Card for business transactions
I have made some payments for stationery and other materials on Amazon required for my business through my personal credit card. I want to account for these expenses in Zoho books. How do I go about the same?
I read somewhere that I can show the credit card paid amount as a deposit under current liability (as loan from partner), and then record an expense for repayment of that loan. Issue with this is that the bank balance does not match the expense account. Please advise.