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pranab
July 23, 2024
Question

Shareholder loan pay back

  • July 23, 2024
  • 1 reply
  • 0 views
HI, 
I have given a loan to the corporation in the last financial year that i want to return back to the account. How do i do that in quickbooks. I have noted in "due to shareholder" long term liability account.

1 reply

J
JamesM4
July 23, 2024

Hi pranab,

 

Thanks for reaching out to us here. QuickBooks is an easy-to-navigate program that helps you to manage your accounting with ease. I'll be glad to share more info so you're on the right track with your work. 

 

In order to record your transactions the correct way, I recommend consulting an accounting specialist for expert advice. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. Here's a helpful article that shows you how to: Record an expense. 

 

Let me know if this info helps. I'm here to steer you in the right direction.

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