Type of account for advanced money?

[Derek Atkins]

Hi,

"Martijn, Brandy & Grace" <Usadutchies at bellsouth.net> writes:

> Hello,
>
> I advanced some money for a company I worked for (basicly I put some
> business stuff on my credit card), what type of account should I make
> for that under what catagory?

IANAA but I'd record it as an Asset (money owed to you).

> And how would I process the reimbursement? The reimbursement is a
> check and will be deposited into my checking account, from there I
> have to transfer it back to my credit card.

As a transfer from your Asset back to your Bank account.

> Thanks so much and have a blessed day!
>
> Martijn

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
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