Hello. We have recently changed from a partnership to a Ltd company, we are still using our old partnership bank account for a few payments and receipts while we are in the transition stages, I've been told I cannot process these payments and receipts via the old bank account in sage and to process via a directors loan account. I was thinking of creating a bank account for the directors loan account and processing payments and receipts via this bank account then sending to the nominal DLA. Is this correct? Also. I know I cannot create journals to or from the bank account so I wondered how we would get the balance to the nominal DLA? Please could any one provide me with an example? Thank u so much in advance. X
