I’ve recorded a loan in the Directors loan account for money loaned to the company at startup.
Do I separately need to create an entry into the main bank account to show this money coming into the company or have I missed something that does this automatically?
If you’ve put your own money into the company bank account then the way to record that is as a bank transfer from director’s loan to the current account. The DL should show as overdrawn if the company owes you money.
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