Private loans

[Ajax123]

Didn't you notice the big Wall Street Journal header Alan :79:

Had a few beers... Oops! 🙂

 

[Dan]

Did you manage to sort this out mate?

 

[Gazzer]

Yeah its all cool. Worked out well.

 

[Dan]

Did you manage to work out how you record it in the books?

 

[Gazzer]

Accountant says as long as I get a letter from the lender that the money in my account is indeed a loan and they see money going back out to repay then its all good.

 

[Dan]

So sort of what I assumed.

 

[Gazzer]

Yeah but pays to ask 1st.

 

[Dan]

Yeah totally, I just meant, I wasn't doing wrong the way I thought then lol
My accountant never really questioned what I did so never really got chance to correct me if I was doing it the wrong way.