2 years ago
Payment to Director for personal funds used to start up business
Hello community.
In very simple terms could someone please explain how I report payment back to Director of personal funds used to start up business ?(approx Aud $8000). Is it a simple bank transfer entry or more involved?
Thank you in advance.
Nick
Hi Nick1970,
Thanks for getting back to us.
In that case, I would recommend speaking with your advisor or your accountant as they can provide you with more information regarding the process.
Let me know if you need further assistance. We are happy to assist you.
If my response has answered your enquiry, please click "Accept as Solution" to assist other users find this information.
Thanks,
Cel