Transferring Bill expense to a Loan Account

[Opes]

Prior to the recent MYOB Essentials (Oct 2022) I was able to create a bill for expenses I as the director spent on my credit card on behalf of the business and then offset it with a negative figure against a director's loan account. Since the upgrade I am unable to allocate the bill / expense to the loan account. 

How do I allocate a bill to a loan account?

[Tracey_H]

Hi @Opes 

Thanks for your post. Firstly, go to Accounting>>Chart of accounts and make sure the Director loan account has the Account type set as Bank or Credit card.

When you pay for an expense with a personal credit card, enter the Bill transaction as normal allocated to the applicable cost of sale/expense account. When you record the Bill payment transaction select the Director loan account in the Bank account field. If you record a Spend money transaction, select the Director loan account in the Bank account field.

Please let me know if you need further help.

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