Hi, please advise me how to record the director’s loan repayment with payslips (salary)? Can I transfer funds from Net wages to Director’s Loan Account using Journal? I keep a record of any money I borrow from or pay into the company on Director’s Loan Account. For example, if a payslip has been generated that has salary and expense reimbursements to the director, instead of paying this into the directors personal account I would like to pay off a loan.
Unfortunately, there is no information in this article regarding the repayment of a director’s loan using payslips. Instead of paying salary into the directors personal account I would like to pay off a director’s loan. I do not know how to record it
Hello @Ewa1
After entering the payroll journals as shown in the example below:
https://support.quickfile.co.uk/t/recording-payroll/16003
You would enter the following journal to reduce the DLA:
You can see in the example below that the DLA has been reduced by the amount of the Director’s (J Smith) net salary
1 Like
Yes you can offset net wages with DCA loan
1 Like
Thank you so much for help! Have a nice day Steve 
Thank you for help
This topic was automatically closed 14 days after the last reply. New replies are no longer allowed.