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.