LTD Director loans Private purchase

Hi. One day, I made a mistake and paid using the company PayPal for an eBay private purchases.
I gave loan to my company, so I have money on Director’s loan account.
I tagged those purchases to this account.
Is it OK?
Kind regards

Sounds right to me - the “money out” transactions on the company PayPal account would be tagged as bank transfers to the Director’s Loan account. You wouldn’t record them as purchases in QuickFile since they’re not things that have been purchased by the company, you’ve simply borrowed money from the company for personal use (or rather you’ve been repaid some of the money that you had previously loaned).


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