Director - personal spends on Credit Card

[jack2009]

at the end of the day if the director has a loan account and is using the company's visa account to take money out of his or her loan account they are quite entitle to do so.

if the transactions aint propertly recored then you are talking about fraud and error and that can be a dangerous road to go down. and we have no reason to beleive that the transactions aint recorded propertly

The director is not allowed to simply repay the loan on whatever term he so chooses especially in this current climate the director has to be very careful not to prefer himself.

I would suggest that you talk to the company's auditor regarding the use of VISA cards. Under the circumstances, if the auditor is happy with the way they are being treated I think you should be to. (assuming what the auditor says makes sense).