The director's loan account is simply a record of all transactions between the company and the director/s. You may also hear it being referred to as a Directors Current Account or a DLA. It’s the same thing. The amount owed to or from the director. If there are multiple directors in the business, each will have a separate directors' loan account in the balance sheet. The DLA is a balance sheet account of course because the balance is either:
DLA’s can be made up of:
Our course will help you to understand and manage your Directors' Loan accounts and how to run a Directors' Payroll in the most tax efficient manner.
Management accounting always caught my attention, there is real value to be had by being proactive in business as opposed to simply reacting to events which have long since passed.
I have a real passion for helping others and have a great respect for people who are brave enough to ask questions; the only silly question is the one never asked. I actively encourage people to ask for as much help as they need.