Director’s Loan Account (DLA)
An account recording money a director owes to the company or the company owes to the director.
Also known as: DLA
Related terms
-
Credit Director’s Loan Account
A director’s loan account showing that the company owes money to the director, rather than the director owing money to the company.
-
Overdrawn Director’s Loan Account (ODLA)
A director’s loan account showing that the director owes money to the company. It can become especially important if the company enters insolvency.
-
Directors’ Loan Account
An accounting record showing money moving between a company and one or more directors outside normal salary, expenses or dividends.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help