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    mds2006's Avatar
    mds2006 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 29, 2006, 09:06 AM
    Accounting - loans vs. income
    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?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    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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