QB Issue Resolution:
When the business borrows money, from you or anyone, that is a business liability, a debt it owes.
the bank where you deposit the borrowed money, gets a debit to show the increase in asset value (more money), the offset is a credit to the liability account.
Later when you pay back the loan, money out of the bank is a credit, and the offset is a debit to the liability account, which lowers the amount still due out
Resolution for Issue 'If I’m trying to log start-up expenses from my personal account for my business as Other Liabilities, shouldn’t it show as positive/debit since I am owed that back to me?' available: Yes (Solved).
Source: Intuit Community forum.
If I’m trying to log start-up expenses from my personal account for my business as Other Liabilities, shouldn’t it show as positive/debit since I am owed that back to me?: 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 business borrows
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Error Recovery for business borrows [Canada]
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