Then the money out is entered as Other Asset = Loan to Shareholder. You don’t use Sales for this. The account is not AR (a different asset) but Note Receivable or Loan to Shareholder as an Asset. There are lots of different Asset type activities, and only Sales are AR.
Resolution for 'Asset type activities issue: 'How to record loan receivable the owner of our company' available: Yes.
The Asset type activities 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 Asset type activities issue yourself by looking for a resolution described in the article. If it is a complex Asset type activities issue or you are unable to solve the issue, you may contact us by clicking here or by using other Asset type activities support options.
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