Am I right in thinking I can post expenses (ie materials for a tiler) from just before the business technically started trading? And if so do I put these through against directors loan as the business bank account wasn't used then???
Sorry if I seem a bit dim today, I'm backdating the whole lot from January and getting bits and pieces at different times, and suffering from brain overload today lol.
you say 'post to the directors loan acount', is this acompany or a sole trader, if a sole trader then theer would be no directors and the corresponding account would be 'capital introduced'. It is common for there to be start up costs prior to trading so I do not see a problem here.
From now on though, as I'm sure you are aware but clients often forget, make sure all his purchase invoices are in the company name, including mobile phone which is one they never seem to get changed around!
