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Gmonem
Feb 11, 2013, 02:34 PM
When recording a "loan" given to my company on Quickbooks, does it fall into the category of "income"? I'm not sure how to record it.

pready
Feb 11, 2013, 03:34 PM
Your acocunts will be Cash because you are receiving cash and Notes Payable because you signed a note for the money and you have to pay back the cash received plus interest.