The most common types of payments to directors are the payments of directors' remuneration, i.e. Directors' Salary.

To record Directors' Salary Payments, complete the below steps:

• Navigate: Navigate to Bank> Payments.

• Payments From: Select the bank account from the drop-down list from which the payment was made (bottom right-hand corner of the entry screen).  You must ensure you are working from the correct bank account at the start.

• Reference: This is the cheque number or the bank statement reference in the case of Direct Debits/Standing Orders.

• Date: Date as written on the actual cheque or in the case of Direct Debits/ Standing Orders the date of transaction per the bank statement.

• Supplier/Payee: Select a Payee from the existing list (F2) type the first letter of the Payee name, and use the arrow down key to scroll through the existing Payee names. 

To setup a new Payee simply type the new Payee name. The program will recognise the new name does not already exist and prompt you to specify if it is a new “Supplier” or “Other”, and select “Other” to add the new name to the Payee list. In this case it would be advisable to set up the Directors Name as the Payee.

• Nominal Account: Select the Nominal Accounts Directors Remuneration.
• Amount: Enter the amount per the cheque or bank statement in the case of Direct Debits/ Standing Orders paid to the Director.