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jsmusicmn
Level 1

Is a cash advance from a business credit card to help with cash flow an expense?

Sales slowed and I needed a cash advance from my business credit card to meet cashflow demands. Would I categorize the advance as an Expense?
1 Comment 1
john-pero
Community Champion

Is a cash advance from a business credit card to help with cash flow an expense?

No, it is just a new business liability. The expenses happen when you spend the cash so just record the transfer of money from card to bank or cash and then cash into business checking, I presume

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