Quote Originally Posted by barrydidit View Post
All my accounting has been on spreadsheets to date. That 70 miles will give you 31.50 at 0.45 per mile. I'd normally wait till month end/quarter end to pay out expenses but that's up to you. As others have said, if you've loaned the business 500 then repay that for a start. Unless you live the life of a monk then 31.50 isn't going to get you very far.
If it's expensed from a personal credit card, month end would make sense so that you can clear the balance off when it comes due.

If I'm working away, I'll clear the week's expenses at the weekend so that I can keep on top of it all and it only takes 5 minutes a weekend rather than having to remember what I did 3-4 weeks ago (once you're past 40 that gets so much more difficult!)