Banking unless: Last year our company loaned 30k to an officer. I have started to use QB for bookkeeping since May 2016. So how should I add this accounts receivable in my QB?
It is important to understand a few things:
This is specifically covered in the IRS rules. You have to charge Interest and you should have an actual loan document.
The Balance as of your Transition date is an Other Asset account for you and is part of your Equity, not part of […]
Resolution for 'Banking unless issue: 'Last year our company loaned 30k to an officer. I have started to use QB for bookkeeping since May 2016. So how should I add this accounts receivable in my QB?' available: Yes.
The Banking unless 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 Banking unless issue yourself by looking for a resolution described in the article. If it is a complex Banking unless issue or you are unable to solve the issue, you may contact us by clicking here or by using other Banking unless support options.
For more information about resolving issues related to Banking unless in Quickbooks/QBO or to get support for the issue 'Last year our company loaned 30k to an officer. I have started to use QB for bookkeeping since May 2016. So how should I add this accounts receivable in my QB?', click the link below: