Shareholder-Paid Expenses

Expenses you paid personally, that the company owes you back. Fuel, office supplies, a Client lunch on your own card. Add New Shareholder Expenses.

Business Entity, a post date, and the Shareholder Loan account it should credit. There is an Intercompany sharing tick as well, if the expenses should split between two Entities. Then say what you paid for. I spent five hundred on noodle supplies and two hundred on noodle cakes.

Type it, tap the microphone, or attach the receipts themselves. Then Draft entries.

And this is the part worth watching. Four lines, with the GST split out of each one. The Shareholder Loan credit filled in for the full seven hundred. Totals matching, and Balanced. But read the green note, because it does something unusual. It tells you what it was unsure about.

Noodle supplies and noodle cakes were assumed to be office supplies, and it defaulted to GST at five percent because no province was given. And it says plainly that if those are really inventory rather than expenses, they may need reclassifying. It is not pretending to be certain. It has done the work and told you where your judgement is needed, which is the only honest way for software to hand an accountant a set of entries.

Save Draft keeps it editable. Post writes the Journal Entry to your ledger and locks it. It prepares. You approve. Always.