Directors Loan for each currency?

Accounting
1

Hi

I am now to Quickfile and am setting up my accounts and starting to put transaction into the system.

I have set up a Ltd Company and will be working in the UK and Europe in both GPB and EUR. I already have out of pocket expenses in both currencies.

Should I put all these expenses in the single Directors Loan Account created by the system. Or, will it make things easier in the long run if I create a second Directors Loan Account for my Euro transactions

Thanks for any advice.

Phil

2

You can run multiple DLA accounts if you wish, it just depends if you really need to report out of pocket expenses for different currencies. If not you can enter EUR purchase invoices and pay into the GBP DLA account.