I recently bought something for personal use on the business debit card by mistake. I have entered the invoice and payment as normal but how do I now add it to the directors loan account to show that I have to repay it?
Hi @Abi1
You can go into the invoice, and select âLog Paymentâ:
Then when you select the bank account that it was paid from as the Directorâs Loan Account (if limited company) or Proprietorâs Drawings Account (if sole trader / partnership):
Your DLA will then show up as overdrawn and also as a liability on the balance sheet as the business owes you the money:
Thanks. How do I then account for the fact that the money has physically left the business bank account?
When the money has been paid back, enter your transaction for the amount in the current account where itâs left, and tag it as a transfer to the DLA.
Hope that helps 
Hang on, isnât that the wrong way round? It was a personal purchase made on the business card that I need to repay, not a business purchase paid for personally?
Well spotted! I mis-read your original post.
All you would need to do in that case, is a transfer from the main bank account into the DLA for the amount you spent, which would show the DLA in credit. This would indicate that the Director then owes the business money
The DLA would be a debit balance if the director owed the company money, as they would then be the company debtor.
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My head really is in the shed today! 
I should clarify that by âwould show the DLA in creditâ, I mean that the actual balance of the bank account would show as in credit:
The simplest way to deal with this is to delete the purchase as it was a personal one anyway and just tag the bank payment to the directors loan account. You can either account for this at month/YE as drawings or pay the money back into the company bank account and tag that back to the directors loan account to clear the debt.