I have Director Expenses Account overpaid for £ 1,624 and new expenses to pay for £ 2,219.97. How do I record this in Sage to reconcile the account please ?
Sage already shows the £1624 in the director account, yes?. If so, you just need to post in the expenses. Are the new expenses already in suppliers? Are these expense claim forms?
Whatever, rename and unused bank account to "Bank of Director". Post bank payments/supplier payments (as appropriate) to account for the expenses. You will then be left with an overdrawn "Bank of Director"balance of £2219.97. Journal this to the Directors Account - DR "Bank of Director", CR Director Account"
