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 Provestor.
If the asset was paid from a business bank account, record it your bookkeeping screen
Recording a asset paid for personally
- In the menu bar, click Expenses to record and view personally incurred expenses
- Select the name of the person that incurred the cost of the asset
- Select in the menu if the expense will be reimbursed directly or via payslip (If you don't have a PAYE scheme, expenses will need to be reimbursed directly)
- Click the enter new transaction button then select asset
- Enter the details of the asset for reimbursement
- Date - as shown on the receipt
- Paid to - the suppliers name
- Description - an understandable description of the item or service
- Amount - cost inclusive of any VAT
- Ref no - optional
- Click save
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