I’m in the habit of sending my pay and expenses to the Directors Loan account. I’ve been doing this with my annual dividend. then at the end of the month transfer a lump some to my personal bank acc.
I applied my dividend using a journal on 31/5. Last Sunday on seeing the new Dividend feature I decided to remove my entries and use the new method.
I deleted the journal and after deleting the bank entry realised I should have detagged it and then I also realised I should have reversed the journal. A moment of stupidity…
I then spent several hours trying to get back to where it was before I meddled.
Currently the the Dividend payment is in place and tagged to the £2000 bank transfer on the 31/5 (current acc).
There is a balance of £2000 in the Directors Loan acc which should be zero.
Help and advice will be greatly appreciated.