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Categories explained: Director's Loan (Liability)
Categories explained: Director's Loan (Liability)
Steven Anderson avatar
Written by Steven Anderson
Updated over a week ago

At year end you may have a balance left over where money is owed to the director from the business.

This category is the sweep up of that amount after your final accounts have been prepared.

If you plan to not withdraw money out of the company expect from in the form of dividends or payroll. Your director’s loan account will have a zero balance or is likely to be in credit if the money put into the company belongs to you or it has been used for personal funds for expenses or company assets.

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