Handling a Peer to Peer investment

Question asked by Neil Woodham 5 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

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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
5 years ago

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