how to create directors fees and what is the procedure

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  • Updated 12 months ago
Hi Guys

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

Posted 12 months ago

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Photo of Jon Martingale

Jon Martingale, Employee

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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