A limited company is paying a sole trader monthly via direct debit.
what would I log this transaction as under the sole trader’s point of view ?
What’s the relation of the sole trader to the limited company?
For example, are they a director of the limited company too, are they a supplier, or in another role?
Lack of detail means no one is going to give you an answer.
Why is the Ltd company paying the sole trader? That would be a vital peice of information.
Is this in relation to your other post regarding a sole trader paying a Ltd company mortgage?
Are the two transactions connected?
Are you not happy with the 5 other accountants who gave you an answer on another well known accounting forum?
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