How to show a loan taken out by a director within the current account period
Article ID
ias-12076
Article Name
How to show a loan taken out by a director within the current account period
Created Date
13th October 2015
Product
IRIS Business Tax
Problem
How can a loan taken out by a director within the current account period be shown?
Resolution
Users are required to ensure that the latest version if IRIS has been installed then:
1. Log on to IRIS Business tax and select the client
2. From the Data Entry menu select Loans to participators by close companies.
The software is now configured to automatically configure New Loans Outstanding. To see how this is calculated click on posting box underneath new loans outstanding and you will see entries that have been added in Accounts Production under account code 727.
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