This a quick article to explain how personally paid expenses work in Ember.
You can add personally paid expenses into Ember using the Expenses function. Simply navigate to the Expenses tab to do this and click on "Add out-of-pocket expense":
Add in the expense description, date of expense, and value. Next, categorise to the appropriate category, before selecting the VAT rate to be applied. You can attach a copy of the receipt via the Attachments '+' button, ahead of saving the expense to add in to Ember:
Any expense added under the "Expenses" tab will credit your directors loan account with the total amount you have incurred personally. You can see this on your Dashboard in the My current tax year finances section under Business Owes, and you will see an amount showing as "Director's Loan".
You can then reimburse yourself these funds tax free when the business is in a viable position to do so. You should consider the cash flow implications of any withdrawal and the company's ability to meet future obligations.
If you decide to reimburse yourself, you should transfer the funds from your business account to your personal account and then categorise this withdrawal as "Director's Loan", so that the transfer nets off against any outstanding balance.
Do note, you can add multiple line items to an expense if you have multiple expenses to claim across different expense categories. For example, if you have a client meeting and there are travel, meal, and other expenses associated, you can include all expenses in one by clicking on '+ Add extra line item':
