The scenario:
1. 1099 Vendor sent a paypal invoice to the owner
2. Owner mistakenly paid invoice with his personal credit card rathter than use the company credit card
How do I enter this?
The clean way is to have the 1099 Vendor refund the personal credit card and then we pay with the company credit card so that the expense is properly booked to the 1099 Vendor. That way, the vendor will receive a 1099 at the end of the year.
The owner does not want to bother the 1099 Vendor with the refund (personal cc) and repayment (company cc) described above. I don't want to write a check to the owner because the expense needs to be applied to the 1099 Vendor. But, I need to reimburse the owner. How do I resolve and enter in qb?
