Assuming the loans that were paid off were listed as liability accounts in the business books
debit each loan for the amount that paid it off
credit shareholder loan (liability account) for the total
Resolution for 'Business Loans issue: 'Business Loans paid by House Refi' available: Yes.
The Business Loans 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 Business Loans issue yourself by looking for a resolution described in the article. If it is a complex Business Loans issue or you are unable to solve the issue, you may contact us by clicking here or by using other Business Loans support options.
For more information about resolving issues related to Business Loans in Quickbooks/QBO or to get support for the issue 'Business Loans paid by House Refi', click the link below: