Level 15

Transactions

QBO does not allow you to use an asset account (directors loan due in) as a payment source for a bill

the easiest way to do this is do not enter the bill, open the register for the loan due in account and make a new transaction as a decrease, select the expense account, enter something in the memo block and save

IF you have to have the bill entered, then either create a dummy bank account called clearing or use the cash account and make two entries

1. use pay bills, select the dummy bank account, and pay the bill
2. make a deposit in the dummy bank account, enter the same amount, and select the director loan account as the source (from) account for the deposit

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