4.11.5 How should I record a Director's Loan to the service charge account?

4.11.5 How should I record a Director's Loan to the service charge account?

  1. You can create a ‘Bank Account’ for the ‘Directors Loan’
  2. You can then record an Inter-Account Transfer for the relevant amount from the Director’s Loan account to your regular service charge bank account.
  3. The funds will then be shown credited to the service charge account and the director’s account will show the loan.



    • Related Articles

    • 3.4.15 Service Charge Accounts

      This screen allows you to view all the financial year/service charge accounts for all blocks. Accessed via the Workbench -> Finance -> Service Charge Accounts -> Service Charge Accounts The list contains all the financial years for a block and you ...

    • 4.3.2 Raising Service Charge / Ground Rent demands

      Access via the menu option: Finance -> Fee collection 1. When service charge or ground rent demands are due to be produced the screen will display [Produce]. 2. Once selected a Summary screen is displayed. 3. The user is able to amend a number of ...

    • 3.5.10 Data Extract Service

      This function does come with a charge which is detailed below in the pricing. Please be aware when switching on. As part of our standard Disaster Recovery service which is included in your Blocks Online (BOL) subscription agreement, back-ups are ...

    • 4.2.7 STEP 6 - Service Charge Collections

      Access via the menu option: Finance -> Set-Up -> Service Charge Collections To watch a video on how to carry out this process, please click on this video: Step 6 - Service Charge Collections This screen has several sections which contain key ...

    • 4.3.1 Setting an Annual Service Charge Budget

      Before service charge demands can be issued, a budget needs to be set-up for the relevant financial year for the block. Access via the menu option: Finance -> Annual Budget NOTE: When a new block is registered, a template will be automatically ...