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Cash Advance Fee - ATM

 
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NatalieH26



Joined: 05 Mar 2010
Posts: 17

PostPosted: Wed Mar 21, 2012 8:10 am    Post subject: Cash Advance Fee - ATM Reply with quote

Hi,
Tell me please
how to enter and under which account Cash advance Fee from
ATM? My boss took cash advance from business credit card and later he put money back. Cash Advance I have entered under his Loan account.I don't know about entering Cash Advance Fee return.

Thanks for any advice.
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marc



Joined: 19 Nov 2005
Posts: 175
Location: Whyalla SA

PostPosted: Wed Mar 21, 2012 8:30 am    Post subject: Reply with quote

Hi Natalie,
technically the fee would go to the same loan account. It is not an expense of the business but was incurred by the boss privately and this treatment would be the same as if s/he had paid it from their own pocket.


Regards

Marc
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