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November 1, 2021
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Can i book an intercompany loan?

  • November 1, 2021
  • 1 reply
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I made a loan from one company to another, how do I book this?
Best answer by Ashleigh1

Hello Michael_c_lindsa, 

 

Welcome to the Community page, 

 

I would be recorded as a liability, however we would advise you speak to a qualified and trained accountant who would be able to tell and show you exactly how to record it and including which accounts it needs to be as we are not trained accountants just technical support. 

1 reply

Ashleigh1Answer
November 1, 2021

Hello Michael_c_lindsa, 

 

Welcome to the Community page, 

 

I would be recorded as a liability, however we would advise you speak to a qualified and trained accountant who would be able to tell and show you exactly how to record it and including which accounts it needs to be as we are not trained accountants just technical support.