I have a quick question regarding the share holder’s loans in a very small company(work form home) vs the profit at the end of the year.
When I generate a profit and loss statement in manager, I see a profit, let’s say 10 000 Euro.
But at the same time, I see a shareholder loan repayment of let’s say 9000 Euro in the trial balance which is correct.
I was expecting to see the shareholder loan repayment as some kind of expense that brings the profit down to 1000 Euro, but instead, I still see a taxable profit of 10 000 Euro even if the money is not in the account (as it has been repaid to the shareholder).
Could someone explain to me what I am missing out in the reports?