Anyone can help me to solve my problem? May I know how can I make a complete transaction when director withdraw the money from bank. I have create a Director Account under Liabilities and the Cash & Bank Account under Assets. So, anyone can let me know what is the correct way i must do to complete the transaction? Your help will be appreciated. Thanks a lot!
Go to Cash Accounts - Spend Money and make the Account = Directors Loan.
The Bank Account must be created under Cash Accounts tab, don’t create it as a Chart Of Account - Asset Account. To activate the Cash Accounts tab go to Customise under Setting and tick the box besides Cash Accounts, and then scroll down and click Update. Read below.