I receive deposits for a trucking company, however, I am having problems with entering one and need advise. This particular deposit the owner used his Company Debit card for fuel instead of his cash advance. So here is how we enter his deposit.
Income - 4,800.00
Fuel Exp - (1600.00)
Scale Fees - (1,000.00)
Fuel Exp - (500.00) - used Company Debit Card instead of Cash advance from load
Owner Draw (300.00) - No receipts given for missing cash expenses
Total Deposit in Bank = 1,400.00
So my question is when I receive the bank statement, the above 500.00 fuel expense will be on it as a Debit Withdrawal. How do I enter that into my register without doubling the fuel expense?
Income - 4,800.00
Fuel Exp - (1600.00)
Scale Fees - (1,000.00)
Fuel Exp - (500.00) - used Company Debit Card instead of Cash advance from load
Owner Draw (300.00) - No receipts given for missing cash expenses
Total Deposit in Bank = 1,400.00
So my question is when I receive the bank statement, the above 500.00 fuel expense will be on it as a Debit Withdrawal. How do I enter that into my register without doubling the fuel expense?
