Probably, deposit the money in a checking account and then create and use a liability account - for the loan balance - in the detail area of the deposit form.
This will increase cash and create a liability the company can pay back at a later time, according to the terms of the loan.
Create a new account, Long Term lIability, Account name: Owner loan, tax mapping - B/S-Liabs/Eq.: Loans from stockholders. You should be able to enter the opening balance on the account register
Need QuickBooks guidance?
Log in to access expert advice and community support instantly.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
