# Directors loan account **URL:** \ **Category:** Uncategorized\ **Created:** [February 28, 2014, 8:32pm UTC](https://forum.manager.io/t/directors-loan-account/556 "2014-02-28T20:32:25Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![paolinoturone](https://avatars.discourse-cdn.com/v4/letter/p/58956e/32.png) [@paolinoturone](https://forum.manager.io/u/paolinoturone)\ **Post date:** [February 28, 2014, 8:32pm UTC](https://forum.manager.io/t/directors-loan-account/556/1 "2014-02-28T20:32:25Z")
How do I add a Directors Loan Account? Thanks ---
**Author:** ![smartbooks](https://avatars.discourse-cdn.com/v4/letter/s/898d66/32.png) [@smartbooks](https://forum.manager.io/u/smartbooks)\ **Post date:** [February 28, 2014, 10:57pm UTC](https://forum.manager.io/t/directors-loan-account/556/2 "2014-02-28T22:57:25Z")
Go to Settings - Chart of Accounts Under Liabilities - choose new account - add details. ---
**Author:** ![paolinoturone](https://avatars.discourse-cdn.com/v4/letter/p/58956e/32.png) [@paolinoturone](https://forum.manager.io/u/paolinoturone)\ **Post date:** [March 1, 2014, 2:00am UTC](https://forum.manager.io/t/directors-loan-account/556/3 "2014-03-01T02:00:33Z")
Ok, so how do i add funds to the directors loan account? Thanks ---
**Author:** ![smartbooks](https://avatars.discourse-cdn.com/v4/letter/s/898d66/32.png) [@smartbooks](https://forum.manager.io/u/smartbooks)\ **Post date:** [March 1, 2014, 2:06am UTC](https://forum.manager.io/t/directors-loan-account/556/4 "2014-03-01T02:06:33Z")
Because it is a Liability and not a Bank Account, you will have to use Spend Money or Receive Money for the entries. ---
**Author:** ![markjwilliamson](https://avatars.discourse-cdn.com/v4/letter/m/bbce88/32.png) [@markjwilliamson](https://forum.manager.io/u/markjwilliamson)\ **Post date:** [March 2, 2014, 12:32pm UTC](https://forum.manager.io/t/directors-loan-account/556/5 "2014-03-02T12:32:11Z")
Hi, I need to also create a directors loan account because I have lent money to the business. I can’t use “spend money” or “receive money” to record it because I paid the money directly into my supplier pre-payment account, (which I’ve setup in manager as an Asset account. Could I use a journal to record the transaction? -would I credit the directors loan account and debit the pre-payment asset account? many thanks ---
**Author:** ![lubos](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/lubos/32/62798_2.png) [@lubos](https://forum.manager.io/u/lubos)\ **Post date:** [March 2, 2014, 12:39pm UTC](https://forum.manager.io/t/directors-loan-account/556/6 "2014-03-02T12:39:08Z")
That’s right, you can record this transaction as a journal entry. Credit `Directors loan accounts` and debit `Supplier advance payments : [Supplier name]` You don’t need to create asset account for supplier pre-payments manually, just enable `Suppliers` tab, create list of your suppliers and then you will get special control account `Supplier advance payments` with sub-accounts for each supplier which is more elegant solution. ---
**Author:** ![markjwilliamson](https://avatars.discourse-cdn.com/v4/letter/m/bbce88/32.png) [@markjwilliamson](https://forum.manager.io/u/markjwilliamson)\ **Post date:** [March 2, 2014, 4:02pm UTC](https://forum.manager.io/t/directors-loan-account/556/7 "2014-03-02T16:02:17Z")
Thank you Lubos, I have enabled suppliers which gives me tabs for suppliers & purchase orders but I don’t see the advance payments? ---
**Author:** ![markjwilliamson](https://avatars.discourse-cdn.com/v4/letter/m/bbce88/32.png) [@markjwilliamson](https://forum.manager.io/u/markjwilliamson)\ **Post date:** [March 2, 2014, 4:13pm UTC](https://forum.manager.io/t/directors-loan-account/556/8 "2014-03-02T16:13:07Z")
I remember you mentioning that supplier pre-payment was something you were going to implement but I hadn’t seen it available yet. # Sorry Lubos, I stil dont see the advance payments account. -I’m using version 14.2.0 EDIT: I’ve just upgraded to 14.2.47 and enabled the suppliers …but I still can’t see a supplier advance payment account, it doesn’t appear in chart of accounts or any of the dropdown lists on journals. ---
**Author:** ![lubos](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/lubos/32/62798_2.png) [@lubos](https://forum.manager.io/u/lubos)\ **Post date:** [March 2, 2014, 5:06pm UTC](https://forum.manager.io/t/directors-loan-account/556/9 "2014-03-02T17:06:54Z")
When `Suppliers` tab is enabled, you will get new account called `Supplier advance payments` which you can use to categorize any prepayments to suppliers. ---
**Author:** ![Ealfardan](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/ealfardan/32/63166_2.png) [@Ealfardan](https://forum.manager.io/u/Ealfardan)\ **Post date:** [January 18, 2023, 3:42pm UTC](https://forum.manager.io/t/directors-loan-account/556/11 "2023-01-18T15:42:02Z")