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Level 2

How to set up personal loan?

The company owner is providing a personal loan to a friend and I need advice on the proper way to document it in QBO.  Should I just set up an A/R account for the friend and do a JE? Thanks!

1 Comment 1
Level 15

How to set up personal loan?

No, you do nothing

personal finance on the part of the owner never enter in the company file

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