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BookBee
Level 2

Shareholder Loan or Petty Cash?

I spent money using my personal account before I could open my business bank account. I now want to enter those receipts.. I think it would be easier to pay myself back as a Petty Cash but should I do this a different way through a Shareholder Loan? Can someone walk me through how to enter that? 

 

What would be the benefit to doing it as a shareholder and not just paying back in Petty Cash? 

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