To reconcile a Director's Loan, you need to create a new category and link it to a Liability or an Asset account as follows:
- Navigate to the Chart of Accounts page.
- Choose the relevant account type from the drop-down menu i.e. Other current Liabilities:
- Activate the new category from your bank transactions page by typing the first few letters of the new account
- Use the parent-category 'Loans':
- Once you 'confirm' the transaction, you will see it on your Balance Sheet in the Liabilities section:
