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m_elias1
Level 1
posted
‎March 01, 2022 01:09 PM
last updated ‎March 01, 2022 10:09 AM

Depositing to shareholder loan

I'm trying to learn the QB way of entering transactions so my new corp sold some grain on inventory but the payment was accidentally deposited into my personal account by the grain buyer. So I created an invoice, then received a payment, now I want to record the deposit to my shareholder loan account (the corp owes me money anyways). How can I record a deposit to my shareholder account? It only allows me to select bank accounts, accounts receivable, and "other current asset" accounts. Do I have to run it through accounts receivable?

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2 Comments 2
m_elias1
Level 1
‎March 01, 2022 01:12 PM

Depositing to shareholder loan

It won't let me select Accounts Receivable either even though it's in the drop down list.

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Trish_T
QuickBooks Team
QuickBooks Team
‎March 02, 2022 01:48 PM

Depositing to shareholder loan

Hi m_elias1,

 

Welcome to Community!  QuickBooks is a dynamic program to complete your daily accounting tasks with peace of  mind.  It's important that you're able to successfully record the deposit to your shareholder loan.  I'll be happy to help!

 

To record the loan accurately, you'll need to create a liability account and enter a journal entry.  Follow this link to see the complete guide to record this type of entry in QuickBooks Desktop.

 

If you have any other questions, please don't hesitate to reach out.  We'd be glad to assist!

 

 

 

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