Juju-Bee
Level 1

Other questions

Hi Eman,

This post has been helpful. I have a similar situation. I had to loan my rental property money every month last year due to vacancy. However, I have a current tenant and am starting to pay myself back. Can I use the same method you described for a one time loan: create a liability account and then each time I loaned more money just add them in this account? If so, will I use this same account when I start paying myself back? 

 

Thank you,

Jude