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August 31, 2022
Solved

Can someone please help - I need to know how to record a direct debit paid to a director each month for van insurance, which was set up before the company started.

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Ashleigh1Answer
Level 14
August 31, 2022

Hello PJB3, 

 

Welcome to the Community page,

 

 You could just do it as an expense with the director set up as a supplier. If that is not suitable then we would advise you speak to a trained and qualified accountant who will be able to advise you on the best way to report this in your account. 

1 reply

Ashleigh1Answer
Level 14
August 31, 2022

Hello PJB3, 

 

Welcome to the Community page,

 

 You could just do it as an expense with the director set up as a supplier. If that is not suitable then we would advise you speak to a trained and qualified accountant who will be able to advise you on the best way to report this in your account.