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Director Account loan in AutoMi?

Wed, 05/06/2020 - 14:38 admin

In many situation company directors will loan money to the company, or borrow money from company. How do we enter these kind of transactions in AutoMi? 

As director money is not expenses or income, we cannot use Quick Income/Expense Entry to handle the transaction. Bank Transfer is the right way to enter. 

As director account is treated as a bank in our system, go to Banking > Bank Transfer, click New: 

accounting software system account transfer director account

Accounting journal should be correctly categorized:

account software system account journal entry

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