I want to loan a company enough to pay my expense report bill. The expense report has (or can be) entered as a bill. I don't want to write a check for the loan or a check for the expense reimbursement. I tried a General Ledger entry but the Balance Sheet and Income Statements don't come out right.
What's a good way to do this?
Fred
Create a dummy credit card account called "Owner paid expenses" (assuming you are the owner, otherwise why would you be doing this?)
Pay the bill using this credit card.
Now the expenses are on the company books, and the unpaid loan balance is also shown as a liability.
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