How does my company repay expenses I paid for personally?

How does my company repay expenses I paid for personally?

In the Provestor menu you have an area called Expenses. In here you can record expenses paid for using your own personal money. 

You can either repay expenses directly by transferring from your business bank account into your personal account or alternatively, if you have payroll enabled you will be able to repay your expense through your payslips. 

You will need to make sure the right account is selected when you enter the expense so the correct repayment method is applied 


    • Related Articles

    • Recording expenses paid using personal money

      Occasionally someone in your company may pay for a business expense using their own personal money. They need to be reimbursed and a record of the expense needs to be recorded in Provestor. If the expense was paid from a business bank account, record ...
    • Common business expenses

      The importance of business expenses Claiming business expenses lowers your tax bills and is an easy way to be tax efficient. The guides below contain more information on allowable business expenses.  Introduction to business expenses Property related ...
    • Introduction to business expenses

      The importance of business expensesThe majority of expenses incurred by your company will be tax deductible. This means that they are deducted from your profits and therefore reduce your tax bill. A lower tax bill means more working capital and you ...
    • Property related expenses

      The importance of business expenses Claiming business expenses lowers your tax bills and is an easy way to be tax efficient. The guides below contain more information on allowable business expenses. Introduction to business expenses Common business ...
    • Recording assets paid with personal money

      Occasionally you may incur a larger expense such as a new laptop or tablet. As these items have a longer life and are typically worth more than £100, they are classed as assets instead of expenses. These need to be recorded slightly differently in ...