Look on Balance Sheet Information, Non Current Liabilities, insert Members Loan under "Long-Term Loans-Interest Free" Also dont add negative Net Income to Fixed Asset Cost. Put it under retained income, SARS shall be able to calculated that it is a negative, from the Income and Expenses supplied. If you have finalised it, its fine, but hopefully other readers can benefit.Originally Posted by TanyaK
Hi
Apart from that I only have Machinery as a Fixed Asset. As I used my own personal funds for all of this is it right that I add the Fixed Asset costs to the Negative Net Income(derived from mentioned expenses) and that this is my Shareholders Loan Account ? I don't see a Shareholders Loan Account section in the "Current Liabilities" Section of the IT14 though.
They sure don't make it easy for small businesses
All the best
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