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G
groobi
January 15, 2020
Question

Invoice and receipt

  • January 15, 2020
  • 1 reply
  • 0 views

I issued an invoice and received money which I deposited into my personal account.

Should I click Receive Payment to clear A/R and record a journal entry to transfer it to my shareholder loan, or is there any way to do both on Receive Payment page?

1 reply

J
JamesM
January 15, 2020

Hi there,

 

Welcome to the Community. Making sure you're recording your transactions the right way is a good exercise for preventing errors in your books. 

 

I recommend contacting an accounting professional to get more info on this. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies. Let me know if you have other questions. I'm here to help. 

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