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Jan 3, 2022 10:18 PM UTC
Question

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

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

Feb 28, 2023 6:54 AM UTC

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.