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Business computer purchased with personal credit card

GenXtraDesignGenXtraDesign Member Posts: 4

Hello, I purchased a computer for business use on a personal credit card because my Amex business credit card took forever to arrive. Now, I'd like to make payments from my business account towards the debt on my personal credit card. Amex doesn't allow balance transfers, so I can't move the debt to my business credit card. I have the computer setup in Wave under Property, Plant Equipment and also under Depreciation. Any idea how I should handle making monthly payments?

Cheers,
Hudson

in Accounting Technical Support

Comments

  • CalliePCallieP Member Posts: 439 admin

    Hi there @GenXtraDesign , thanks for your post! If you need help with recording depreciation in Wave, this Help Centre article is a great resource. If you're not able to do balance transfers, would you be able to describe how you are paying off the personal card using the business AmEx in real life? Knowing what steps you're taking in the real world might help us better assist with how to record this in Wave!

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