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Directors loans and grants

Morning all. I have 2 questions I have a tough idea of what to do from reading a lot of the threads on here but:

  1. I used personal funds to help the business start and it was entered in the directors loan account. Now I can transfer funds back to me from the business how do I enter that in the books?
  2. We received 2 grants during lockdown which was used wisely on stock equipment etc. How do I enter the grant as revenue? I saw on an earlier thread it needs to be tagged against whatever we bought with it, how do I do that?
    Thanks
  1. Tag repayments back to you as again directors loan account.

  2. Not quite right. Tag the grants as misc income, tag payments for purchases against the actual purcahse receipt.

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