Thank you for your useful response.Given what you have said, it would make sense to setup a bank account calls Directors Loan Bank Account and use it to settle ...
Hi Charlene,Thank you for your quick response.I thought a Current Liability was when the Company owes someone external like the Director money? Have I got that ...
May I ask why set it up as a Current Liability account type as opposed to setup as a bank account or as an equity account? Others in Quickbooks have suggested t...
May I ask why set it up as a bank account and not an equity account?Others here have suggested to set up a Directors Loan account as an equity account.So what i...
