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Ziad-AJ
Level 1

I have a big supplier invoice that is partially paid from the company bank account and the 2nd part is paid from shareholder- how do I record the shareholder pmt?

I have a big supplier invoice that is partially paid from the company bank account and the 2nd part is paid from shareholder- how do I record the shareholder pmt?
1 Comment 1
AntoniettaE
QuickBooks Team

I have a big supplier invoice that is partially paid from the company bank account and the 2nd part is paid from shareholder- how do I record the shareholder pmt?

You can create a journal entry to record shareholders' payment, Ziad.

 

To record a payment made by a shareholder. You'll first need to set up a shareholder equity account. Once done, you can record the transaction using Journal Entry. Here's how:

 

  1. Click +New, then select Journal entry.
  2. In the Account field, choose the equity account and enter the amount in the credit section.
  3. For the next line, select accounts payable and enter the amount in the debit section.
  4. Choose the name of the vendor in the Name section.
  5. Click Save and close.

 

On top of that, I recommend consulting with your accountant to ensure the transaction is recorded accurately and the appropriate account is selected based on your business's specific financial setup.

 

If you require further assistance with QuickBooks, don't hesitate to reach out. We are here to help you.