Share this content
0
1212

Directors Loan Interest in IRIS

Hi Everyone,

I've just started using IRIS and am not used to the coding yet. A director has been charged interest on a loan from the company (so interest income for the company) which code would I credit in IRIS? I have tried several but they do not pull through to the Business Tax Comp correclty.

Any help would be much appreciated

Replies

Please login or register to join the discussion.

avatar
19th Apr 2018 22:33

I use code 130 for bank interest received. Presumably using code 131 and changing the account description would do the trick.

Thanks (0)
Share this content