“both have installment payments set up with the IRS to pay down whats owed for 2015 tax year.”

Unless this is a C Corp, those are Personal Debt arrangements.

“I need to show my payments bringing down their balances until paid in full.”

“Their” balances are not going to be tracked in the […]

Resolution for 'Business Bookkeeping issue: 'how can I register the owner installment payments for prior tax yr 2015, so that the payments that are made thru the company, can reflect the account its paying down on?' available: Yes.

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