Question
Partner covering expenses with his personal CC
Good afternoon.
I set up a new company. Set up separate equity account for partner who will be investing capital. Set up new bank account opened. One of the partners is covering expense with his personal card. I want to show that as capital he puts in. I added them to accounts payable to record expenses already. So I need to pay them and debit capital. I need to know how to do that. Also, is this the best way going forward?