Just make sure to go to Chart of Accounts and rename Capital accounts to Directors loan account and categorize it under Assets or Liabilities . In this video I'm going to show you physically how you do it in your bookkeeping records.Rather, reach out to our office directly and speak with a Section 32. What is a Director's Loan? Can a company take a loan on a director's property? How will the company show the same property in its balance sheet? Many VITA offices have IRS representatives who can help you fill out your forms and then transmit the information on your forms electronically. A balance sheet shows the HOA's financial position at a specific point in time, including its assets, liabilities, and net worth. In order to complete your application certification, you must attach copies of all of the following documents as they apply to you and your firm.