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Nov 18, 2023 7:08 PM UTC
Question

How do I enter a loan for a piece of equipment when the money does not go into my bank but direct to the supplier? I have already set up the asset and liability accounts

I set up the supplier and used that account to make an invoice but then my bank was way out ?

1 reply

Nov 20, 2023 2:49 PM UTC

Hi there, 

 

Thanks for contacting us in the Community. QuickBooks is a flexible 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. 

 

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