Directors loan account - newbie question

Accounting
1

Hi. I’m sure there is a simple answer to this basic question but I can’t find it and am new to this. I have put money into my business and at the moment I have not withdrawn this. When putting it in the DLA I have added as a credit to the loan account and then shown it going out into my business bank account. This means the DLA just shows as zero. I’m sure this can’t be right but how do I show it as a loan, while also showing it went into the bank account? Thanks in advance

2

Hello @Kjane28

I have attached a clip below showing an entry of money into the Current Account from the Directors Loan Account (on some test data).

money into bank

This link may also help
https://support.quickfile.co.uk/t/tagging-your-bank-transactions/8818

3

Thank you very much for this help. My poor brain

Kerry

4

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