How to Record a Loan from Director (New Vers.)

Use this feature to record funds borrowed from a director, ensuring your company's liabilities are accurately tracked and financial reports reflect all incoming loans for better transparency and accountability.

1. Click on Journals

2. Click on Add New

3. Enter the Description as 'Loan from director'

4. Choose the Chart of Accounts

5. Ensure that the debit and credit amounts are balanced

6. Click on Save