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October 24, 2024
Question

Directors loan account a invoice was pposted to it now the company has paid back the money how do i post the money recieved back into the loan account

  • October 24, 2024
  • 1 reply
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1 reply

October 24, 2024

Hi catolmie-hotmail Thanks for reaching out to us here on the Community. We'd be grateful if you can confirm what type of chart of account that you have used for the directors loan and is this a loan that the company borrowed from a director, as you stated the company has paid back the money, or a loan that the company lent to a director, as you also state that the money has been received into the loan account? We look forward to hearing from you.