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directors loan account

Tips and advice on how to use Landlord Vision.
emmahughes
Posts:1
Joined:Fri Jan 27, 2023 12:28 pm
directors loan account

Postby emmahughes » Mon Jan 30, 2023 5:44 pm

Hi

I purchased a property for 62500 in July 2019.

I have recorded a purchase cost of 62500 and a mortage of 46480. The rest was a directors loan into the company account. The directors also loaned 3217 for the sols.

I have recorded a payment of 3217 from the liability directors loan account into ENH of 3217 but on the balance sheet it is showing ENH directors loan account as now being in credit which is wrong ... it should be in debt to the directors?


Please can you advise how I should be recording against the DL account as its proving quite complicatd.

steveprice
Posts:1
Joined:Thu Apr 27, 2023 4:53 pm

Re: directors loan account

Postby steveprice » Thu May 04, 2023 12:55 am

There are 2 Directors loan accounts. Make sure you have paid the money into the directors loan (Liability) account.


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