cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

do i add personal loan to friend?

I'm recently self employed and still getting the hang of things. At the beginning ends of april (from my personal account) I paid for some bits for a friend in America, I'm shipping them too her soon, she's just send me a chunk of money to do that and to pay me back for the putchases. Do i need to add that to quickbooks? I'm a sole trader and I'm just trying to work out weather I need to log EVERYTHING. I don't want to ignore her putting money into my personal account If I needs adding but It was entirely in business related so do I need to worry? Is it exclusively just business bits that go on there? Also I had a personal loan from my parents recently. Unrelated to business stuff which has side been paid back. Do i have to log that? Sorry for all the questions, I just want to be sure I'm doing everything I should be! Thankyou very much 

1 REPLY 1
QuickBooks Team

Re: do i add personal loan to friend?


Hello PeculiarLocks,

 

Welcome to the Community - thank you for your question!

 

We would advise to speak to either an accountant or HMRC both these transactions - we are not accountant trained, and so would not want to give you any incorrect advice.

 

Thanks,

 

Talia