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DKFRAMED
September 11, 2019
Question

Personal Line of Credit transfer

  • September 11, 2019
  • 1 reply
  • 0 views

Hi,

I transferred a starting amount from my personal line of credit into my corporate business accounts for to cover starting costs before the company made any money. I have now started to make money, I entered in the chart of accounts a shareholders loan with the amount I deposited, how do I go about paying my back my personal loan and keeping track of that in quickbooks 

    1 reply

    A
    Anonymous
    September 11, 2019

    Hi DKFRAMED,


    I’m glad to hear that your business is successful! QuickBooks Online offers many awesome features that let you manage your business finances efficiently. For your specific situation, I suggest connecting with your accountant to get the most accurate answer. Once done, I'll help you implement the needed operations in your QuickBooks Online if possible. With QuickBooks Online, you can give your accountant access to your account in a few easy steps. To do so, check this community article on how to manage an accountant user in QuickBooks Online: https://intuit.me/2lH6w3o.


    If you don't have an accountant, you can find a certified ProAdvisor in your area through this link: https://quickbooks.intuit.com/ca/find-an-accountant/.


    Let me know if you need help with anything else.
     

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