One more thing. I see where you said the "loan to the company is a Current Asset"...um, I'm only copying what folks before me did until I learn to do things cor...
Sorry it took so long to thank you properly for all the info. Some of it I already "knew" but the difference is intellectual knowledge doesn't always translate ...
OK. It is a C-Corp, as I said. One shareholder/Prez,"P". I keep two separate QB, one is for personal, one is Corp. What happened was we needed $ to pay taxes at...
First off, TY for the info, much appreciated. Second, it is a C-Corp, one owner/shareholder. His brother is a CPA and tells him what he can and can't do. I am g...
I'm not understanding. The original $ is gone, it was a $250K loan from the owner that I tracked as "Loan from Owner". If I simply debit a bank account, there i...
