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ChristineYA
Level 2

Paying off Shareholder loan given to the Company by the Shareholder.

I need to pay off shareholder loan given to the Company by the Shareholder during the business start up to help with the Company's operational expenses.

How do I go about it without messing up? I am using Quickbooks Online. Thank you

2 Comments 2
JamesM4
QuickBooks Team

Paying off Shareholder loan given to the Company by the Shareholder.

Hello ChristineYA,

 

Welcome to the QuickBooks Community. QuickBooks is an easy-to-navigate 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 accurately record your transactions, I highly recommend consulting an accounting specialist for expert suggestions. 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. In the meantime, feel free to check out the following article that shows you how to: Categorize and match online bank transactions in QuickBooks Online.

 

Let me know if this info helps. Otherwise, feel free to ask questions in the comments below.

ChristineYA
Level 2

Paying off Shareholder loan given to the Company by the Shareholder.

Thank you James.

My question however hasn't been answered.

I really need someone in the community to help me with the steps/processes to paying off Shareholder's loan from the Shareholder to the Company. How do I go about it?

This is an urgent ask please. I need help asap.

Thank you.

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