Hello Michaelb4348, thanks for coming back on this thread, You might want to speak to an accountant regarding if the business owes the 15k back, it will depend if it was a loan or an investment on your part. Which it will alter how it is recorded in QuickBooks, But the accountant will be able to advise and guide on the best way to record it in your QuickBooks account.
So basically, i have loaned the money to the business and i pay the rest of the £300 monthly payments so my thinking is, i get back the £15k + 3 years of the monthly payments and if there is enough money in the business pay off the balloon. I am waiting on the accountant it's just how i record the above, maybe a loan account?
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