Question asked by Grace Heathfield 10 years ago
Hi Everyone, I need to introduce £1000 into one of the bank accounts as owner introduced funds. I can't seem to do this without it having to come out of one of the other bank accounts. Is there provision for for this and can anyone tell me how to do it please??
Thanks in advance
PJM
Settings > Codes > Create
Money > Manage Money:
Analyse as follows:
Job done!
Best answerThank you :-)
Hi Clare
You need to create what's called a Directors Loan Account under bank accounts (I did an old blog on DLA's if you don't know what one is http://platformaccounting.com/directors-loan-accounts-who-what-where-when-and-why/)
You would then class the cash injection as a transfer between DLA and bank account.
Hi there, how does this process change for a limited company? We have introduced an initial amount into the business which we expect to repay after our first sales invoice has been paid.
Many thanks
Thanks for your help Kevin, all sorted! :-)
Thanks Kevin,
Spot on as always :-)
Thanks for covering this.
Grace, I hope this all works for you now and if you should need anything else at all, please let us know.
Many Thanks
Chris
Thank you, I will get on it straight away :-)
Hi Kevin, It's a self employed business :-)
Hi Grace
Are you self employed or a limited company?
You must 