Setting up additional directors loan account

[Lorraine]

I have tried to set up additional directors loan accounts as instructed.
“If you have multiple directors and would like to track what each director is owed or owes the company, you can create additional Director Loan Accounts under the loan header in the bank management section.”
The system is not allowing me to do this and instead is trying to create another bank account for a loan instead of a system control account.
Can you please advise me as I need to add an additional 2 Directors loan Accounts.
Regards
Lorraine

[ian_roberts]

@Lorraine

trying to create another bank account for a loan instead of a system control account.

In QuickFile the director’s loan is represented as a virtual bank account.

When you’ve created a new account from the bank management page it will appear on your balance sheet under current assets or current liabilities (depending whether it has a debit or credit balance) with a nominal code in the 12xx range.