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Have one file with 2 bank accounts
1. property bank acc
2. Admin cleaning bank acc
I paid $1005 of property insurance from admin bank account
how do I do a loan from admin to property account
transaction in bank account do I put that to insurance expenses or theloan account.
Hi there, confused2019.
Welcome to the Community. Let’s set up a liability account to track the loan and then create a journal entry to record the money spent.
Here’s how:
To enter a journal entry:
The next thing to do is to record a loan payment. For detailed instructions, follow the recommended steps in this article and perform Step 3: Set up a loan.
Reach out to me if you have further questions while working in QBO. I’ll pop right back in to assist further. Enjoy the rest of the day.
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