Cash Advance to Director

Hi there admin1232,

Welcome to the QuickBooks Community! This is a great place to ask your questions and get help from both the QuickBooks Team and other QuickBooks Online users who might have the response you're looking for. I'm glad to see you're taking advantage of this resource for this kind of question about setting up your accounts, and I'd like to point you to another useful resource for these situations.

As a QuickBooks Team member, I can guide you through using the program and show you resources at your disposal, but I can't advise on which accounts to set up when. This is to ensure the integrity of your books so that you don't run into trouble down the line with the bookkeeping.

That being said, I recommend working with an accountant to learn the best way to set up accounts for this kind of situation. An accountant with QuickBooks knowledge would be a particularly great asset, and you can find such a person to work with using the My Accountant tab in QuickBooks Online. That tab is home to the Find a pro to help button, which you can use to search your area for QuickBooks-certified accountants. If you already have an accountant, feel free to use the email invite field to invite them as a user to your books. That way they can help you directly in the program.

Wishing you the best with this!