Personal Finance & Money Asked on August 2, 2021
So I’ve set up a limited company (in England and Wales) and I want to sell some of the equipment I bought for this company prior to incorporation so that I can claim back the VAT.
However, there’s not enough money in the business at the moment to actually pay me for these so I want to just record this as being paid into my director’s loan account.
How would I go about recording this properly?
I use Sage Business Cloud so specific advice would be great.
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