Reinvesting money paid to director

[Michael Barnes]

I'm sure there's a simple answer to this but I'm drawing a blank at the moment trying to work it out in my head.

As a director of a newly formed company I use my own car when visiting clients, I need to reimburse myself for the mileage but I don't want to take that money until the company can afford it so I want to reinvest it into the directors loan account.
In theory I would make a bank payment from the business bank account to my personal bank account, then I could simply transfer that money back to the business and in Quickbooks record this deposit as being made from the DLA to the company bank account. Of course it seems a bit pointless to physically transfer money to my personal account and back again so I'm trying to work out the best way to do this in quickbooks.
So effectively what I want to achieve is: In Quickbooks I want to record a payment to myself of say £300 for mileage claim and I want that amount added to the DLA so I can draw it from the business at a later date but I don't want the transaction to show in the business current account otherwise the reconciliation won't match the bank statement. Can someone suggest the best way to achieve this?

Thanks

 

[john1989]

Journal:

Dr Mileage £300
Cr DLA £300

 

[Michael Barnes]

Knew there was a simple way to do it just having a blonde moment. Trying to work out how to enter it as a cheque or bill without affecting the bank account but of course I don't need to do that as I'm not paying the money out, just go into Directors Loan Account in the COA and enter it directly there to increase the DLA and charge to Mileage Reimbursement.

 

[MyAccountantOnline]

Its been a while since I've used Quickbooks but you should have an option to add a journal entry in the system so that you can post the transaction John has noted.

 

[Energise Accounting]

some people like to setup another a bank a/c for the purposes of directors loans as they find it easier. however, I am not one of them.