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UrbinoPrince
January 3, 2022
Question

Unable to do an entry: program insists on a corporate entry- treat it as a partnership loan-- made payyment by mistake to partner

  • January 3, 2022
  • 1 reply
  • 0 views

I want to make the payment to a partner by mistake as a loan. Partner will return payment in part- cashed check already, and the balance to come from future payments from partnership. Intuit won;'t allow me to enter the "loan".

1 reply

D
docsbp29
February 28, 2023

Setup a note receivable partner account and then enter the check to that account. Or enter it as a distribution to the partner's capital account.

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