Re: Loan using personal Pledged Asset Line acct.--- how to manage loan transactions in QB?
Thank for your prompt reply.
If I understood correctly, I should handle it as owner contribution (equity) instead of as loan in my business Chase account. Is that right? In that way, how can I manage the monthly interests and principal payments for the loan?
In my personal account (PAL) how can I handle that transaction? does it mean sense to manage PAL in QB. Please note that the PAL is the credit line from our personal bank account, and the loan will be used only for business purpose.