company dorector's personal Credit Card - how to track/account for in Company gnucash?

[Rich Shepard]

On Mon, 23 Jan 2017, Buddha Buck wrote:

> While I in general agree with Mike's approach, I don't think it answers
> __'s question. Personally, I think that the correct way to do what __ is
> asking to do (track all transactions of the director's personal credit
> card, including personal transactions) is "DON'T".

   +1

   While I, too, am not an accountant why not treat this director the same as
other employees spending their money on company business? Create a
reimbursement request form, provide him (or her) with a pad of them, and
have the form (with substantiating receipts) submitted at the end of the
month. While the company's accountant will determine the most appropriate
account to offset the reimbursement check issued, having an expense account
for reimbursements would not be wrong.

   Company directors should be capable of preparing and submitting such
requests.

Rich