Directors Loan Account

If you spend some money from your company bank account that is for personal use you need to allocate this to your directors loan account on FreeAgent by selecting Money Paid to User, Payment From Director Loan Account, see below: 

And if you put money into your company (perhaps you owe some money to your company, or perhaps you just want to inject some cash into your company to cover cashflow issues) you explain this on FreeAgent by selecting Money Received from User, Payment to Director Loan Account, see below: 

Having an overdrawn director loan account can cause various tax issues, it is best to discuss this with us.