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Accounting - loans vs. Income

Asked Sep 29, 2006, 09:06 AM — 1 Answer
A new business is just starting. Owner is putting own money into business for payroll. Using quickbooks as the software. How do I set up the account to show the money coming into the company as a loan and not income?

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ScottGem Posts: 58,123, Reputation: 28145
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Sep 29, 2006, 09:08 AM


You show it as a liability then transfer the funds from the loan account into a cash account
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