@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...
@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...
@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...