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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


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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.

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