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Mar 27, 2024 8:45 AM UTC
Question

If I make small payments to cover Monzo Pro and my email. These are “Director Loans”, but how should they be categorised on QuickBooks?

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1 reply

Mar 27, 2024 1:23 PM UTC

Hello and welcome to the Community, hello-westlothia

 

We've put together a guide with the steps to record a director's loan in QuickBooks Online. This is a liability-type account that can be used for tracking business expenses paid for with personal funds. 

 

To record purchases with the loan, create an expense with the director's loan account selected in the Category field, and enter a description of the purchase in the description field. 

 

If you have any additional queries, please get back in touch by posting below.