QB Issue Resolution:
You can certainly record the transaction like this, however we would advise to check this with an accountant to confirm how they would like the transactions to show in your account.
If you do use a loan account, whenever you did make payments back to yourself from the business, you would post an expense against the loan category to reduce the balance.
Resolution for Issue 'Can I add my van (purchased in my personal account, with a lump sum & monthly payments) to the directors loan account in my business? (the Business owes me money) ?' available: Yes (Solved).
Source: Intuit Community forum.
Can I add my van (purchased in my personal account, with a lump sum & monthly payments) to the directors loan account in my business? (the Business owes me money) ?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Balance
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Error Recovery for Balance [Canada]
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