Connect with and learn from others in the QuickBooks Community.
Borrowed money from a partner to invest in the company. Not sure how to set this up in QB. Can someone help please?
Go to Solution.
I'm glad to see your post here in the Community, OmegaAdmin.
I can guide you through on how to set up a loan in QuickBooks Online (QBO).
Let's first to set up a liability account for the loan. To do this, please follow the steps below:
Once done, you can proceed to the next step which is to create a journal entry to record the loan. For the details of the steps, please refer to this article: How to record a company loan from a company officer or owner.
That should do it. Always feel free to drop by again if you have follow-up questions about setting up a loan in QBO. I'd be glad to answer them for you.
View solution in original post