Home – New Forums Money matters Loaning Own Company Money Reply To: Loaning Own Company Money

#1070510
veseli
Member
  • Total posts: 12
Up
0
::

Hi Everyone, my first post.

I have done it before to help company fund large projects, it was interest free so whatever i gave i just took back after a while.

Basically the way to do it is, you must use accounting software and do your own bank reconciliation monthly, and the main thing is that at the end of the day it all balances out, so whatever your bank statement is showing, thats the balance it should be in your bank reconciliation report.

If you start repaying in wages, or interest it could get a little bit complicated, but can be done.