Handling a Peer to Peer investment

Question asked by Neil Woodham 6 years ago

Hi,

As a limited company I want to invest funds into a p2p platform. How do I account for this, I guess I need to book the money out of the bank account but record it as an asset.

Then how do I deal with the return of investment and the profit or loss on it?

Thanks

Neil

Write reply1

1 Reply

Hi Neil,

Unfortunately, we are unable to provide accounting advice on which account codes to select. However, you can process the investment from Money > Bank Accounts > Money Out and any returns as a Money In. You may need to speak to an accountant to confirm which accounts to use.

Tommy

Best answer
6 years ago

Reply to this question

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are

Apps

Company

Social