I've posted a Shareholder Loan to my balance sheet under "Liabilities and Equity/Other Current Liabilities" How do I record 2 payments as reductions to this loan?
I've posted a Shareholder Loan to my balance sheet under "Liabilities and Equity/Other Current Liabilities" How do I record 2 payments as reductions to this loan?
I've posted a Shareholder Loan to my balance sheet under "Liabilities and Equity/Other Current Liabilities" How do I record 2 payments as reductions to this loan?
A loan to a shareholder is a business Asset and not a Liability. See attached snapshot. You may want to talk with your personal Accountant about posting transactions to your balance sheet.
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