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We have a current loan from our two Directors. They have decided to fully forgive the loan - a donation to the company. How is this handled in QB?

 
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QuickBooks Team

We have a current loan from our two Directors. They have decided to fully forgive the loan - a donation to the company. How is this handled in QB?

Hi w12, 

 

Thanks for reaching out. We have this article which will take you through the steps of entering an In-Kind donation however it may still be best to double check with your Accountant on what the best steps will be. 

 

Please reach out if you have any other questions. 

 

Thanks, 

Rebecca