Accounting Ideas

Ability to allocate payments to the DLA (Directors Loan Account)

Particularly in small businesses you may receive an invoice that you cannot afford to pay through the business bank so you pay it privately. In this instance you want the ability to allocate the payment for that invoice to the DLA (Directors Loan Account).

Within other competitor products you have the ability to "Enable payments to this account" when setting up the Chart of Accounts. This leaves the account within Current Liabilities but enables you to allocate payments from invoices to the DLA.

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  • Mar 3 2023
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