How do you record this situation?

[ibesmond]

Here is the situation.

Our GM from our company needed to buy some plane tickets for a family vacation he was going on. He had a daily limit on his credit card, so he decided to deposit money into the company bank account from his personal funds, and purchased the tickets using the company debit card.

What is the best method to record this?

Should I make a general journal entry, or set it up like a reimbursement that was paid to a third party on his behalf. Should I set it up as a liability and clear the account using the outgoing funds? I can't use the equity account because he is not an owner.

Thank you for your input.

[qbqcca]

If you have an account in your ledger for Advances to Employees, you could clear the transactions through that account.

Record the deposit as a deposit to the bank account and a credit to Employee Advances.

When the company Credit Card Statement arrives, record his plane tickets as a debit to Employee Advances.