how to create directors fees and what is the procedure

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Raghavender Garipally
Raghavender Garipally Member Posts: 1 ✭
edited July 2017 in Reckon One
Hi Guys

If anyone know the how to create pay category for directors fees please share them. Thank you

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  • Jon_7579451
    Jon_7579451 Alumni Posts: 43 ✭
    edited July 2017
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    Hi Raghavender

    Do you want to recorder the directors fees as an expense? If so, use journals and post the fees amount to 'Directors Remunerations'. Then post a balancing payment to the bank account the fees were paid from.

    Regards

    Jon Martingale
    Reckon One UK

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