exp/loan

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
On sage I have opened a director loan account and used the opening balance to input the amount borrowed. However I need to enter further amounts borrowed but don't know how t do this. I think it might be using a journal entry but what do i enter as well to make it balance?<BR>Thanks for any help

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    exp/loan

    I would use a journal as follows enter the directors loan amount and then the double entry would be perhaps bank account (or whatever form the payment was)? I am not saying this is correct though! It is just what I would do.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    exp/loan

    Hi<BR><BR>If you go to 'BANK' on Sage, you can choose 'PAYMENT' for which you can make bank payments with against the nominal code of your choice.<BR><BR>Neil

Categories

Privacy Policy