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I loaned a company money, what description do i use and how do i create a file? How do I put it into quickbooks. Sorry my english is a bit bad.
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It's my pleasure to guide you on how to seamlessly record your loan in QuickBooks Online (QBO), Marie.
To begin with, you'll need to set up a liability account to record your loan. Here's how:
To record your loan payment:
You can also use this link for additional reference about the process: Set up a loan in QuickBooks Online.
Furthermore, I'd encourage you to work with your accountant for further guidance. They can advise you on what description to use and help ensure the accuracy of your accounts after recording this. You can also invite them so you can work together harmoniously. If you're not affiliated with one, you can visit our ProAdivsor page and we'll help you find one from there.
Once everything is in place, feel free to check out this resource that serves as your guide in effectively matching your accounts: Reconcile an account in QuickBooks Online.
In case you need more help recording your loans in QuickBooks, you can always tag me in your reply. I'll be here more than happy to help you anytime. Have a great day and more power to your business!
It's my pleasure to guide you on how to seamlessly record your loan in QuickBooks Online (QBO), Marie.
To begin with, you'll need to set up a liability account to record your loan. Here's how:
To record your loan payment:
You can also use this link for additional reference about the process: Set up a loan in QuickBooks Online.
Furthermore, I'd encourage you to work with your accountant for further guidance. They can advise you on what description to use and help ensure the accuracy of your accounts after recording this. You can also invite them so you can work together harmoniously. If you're not affiliated with one, you can visit our ProAdivsor page and we'll help you find one from there.
Once everything is in place, feel free to check out this resource that serves as your guide in effectively matching your accounts: Reconcile an account in QuickBooks Online.
In case you need more help recording your loans in QuickBooks, you can always tag me in your reply. I'll be here more than happy to help you anytime. Have a great day and more power to your business!
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