claiming back expenses

[stunews]

Hi, I'm new to contracting and am having a go at keeping the books, can anyone recommend a good book that is relevant to contractors and limited companies? I've just bought sams teach yourself book keeping and it references some tax figures from 02/03 and is basically good for the bin..
What I'd like to know about specifically is when I can pay myself back expenses I've incurred on my personal account - can I do it 6 or even 12 months later?
Should the expense be recorded as the date it is incurred via my personal account or the date it leaves the business account?
Cheers

[Alan @ BroomeAffinity]

You can pay your expenses whenever you want. Although I find mostof my clients claim expenses back monthly, some do use it as an unofficial saviongs scheme and claim them once a year, either at Christmas or holiday time.

[badger7579]

I claim my expenses every month. I don't like them to build up

I would advise you to talk to an accountant, there are plenty recommended on this board

[lambrini_socialist]

i pay expenses whenever i feel like it - pretty frequently - is there any reason not to?

[pmeswani]

i pay expenses whenever i feel like it - pretty frequently - is there any reason not to?

Lack of sufficient funds in the account could be one of them. :P

I do my expenses as and when I want to. As I now have less than 2 weeks left of my current contract, I will be looking to get all my expenses completed by the beginning of the following week.

[TheFaQQer]

I do my expenses when I have the time - usually just before the corporation tax is due.

Last year, I took another £6k in expenses when I got round to it.

[stunews]

So the golden rule is to have them put through before the yearly books are made up then. That's quite simple..
Might be best for me to only take them out when I speak to an accountant at the end of the year so I'm only taking expenses for things I am definately allowed to..
Thanks for your help...