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    Gmonem's Avatar
    Gmonem Posts: 1, Reputation: 1
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    #1

    Feb 11, 2013, 02:34 PM
    Loan in small company
    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's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    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.
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