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Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll
YLouis101
Level 2
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About YLouis101
  • Can anyone assist with which account to debit and which to credit in that regard?@DivinaMercy_N,@Jovychris_A,@Ryan_M
    YLouis101
    Updated Mar 30, 2021
  • @DivinaMercy_N Thanks soo much! Seeing as the cash is already in my account as gross/net profits , what would the exact journal entry be? Credit the loan accoun...
    YLouis101
    1
    Updated Mar 30, 2021
  • @Jovychris_A He borrowed the money from our business. So is my business the payee? His check was written less the owed amount, so the cash is already in our acc...
    YLouis101
    3
    Updated Mar 30, 2021
  • @Ryan_MThank you for your response. When I select check, which payee would I select? I do not have the account option to select the loan account, I have Categor...
    YLouis101
    5
    Updated Mar 30, 2021
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