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Post Info TOPIC: Introducing capital into bank on Sage instant accounts
Monty


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Introducing capital into bank on Sage instant accounts
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Hi, I'm new to the forum and wanted some advice please. I've just installed Sage Instant Accounts. I'm a limited company and the only shareholder with 1 share. I want to introduce a banking receipt for the money I initially put into the company and am having a few problems getting my head around which nominal code I should apportion it to. I've read a few bits on-line which are suggesting 3000 Share Capital. If I do this, does that also have an effect on the Director's Loan account?  Please excuse my ignorance in advance



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ChrisBolton


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Hi Monty

If you are a ltd company, yu dnt introduce capital but it becomes a directors loan as you mentioned.

What money have yu paid in? For the shares, or just a general amount?

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