Hi,
I need an advice on Director's Loan Account, please.
While I was reconciling my bank transactions, I noticed some of cash deposits from myself/director's personal fund to my business bank accounts ware entered as "Deposit" to match bank feeds.
But others were sorted out by Journal Entries.
Is it okay to leave them as they are or do I need to change all "Deposit" entry to Journal entry?
I use QBO in UK, but I'm asking this in USA site as I couldn't get any advice on that site.
I appreciate if someone can advice me on this.