Directors loan, how do I record a directors loan

Please advise how I might record a directors loan?

Posted by Mark Wilkes on May 5, 2017 6:36 PM BST

Hi Mark,

If the company borrows money from the director, create a General Transaction from the 'Directors Loan Account' to the 'Cheque Account'.

Regards,

Posted by Mark McLaren (Solar Accounts) on May 6, 2017 9:29 AM BST