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Loan repayment

Posted by yiwasaki 
Loan repayment
January 07, 2014 07:05PM
I am doing the bookkeping to an llc corp the owner made a check to himself for a loan repayment how to record this in quickbooks

thks
Re: Loan repayment
January 08, 2014 08:36PM
If this is a loan repayment from the LLC there should be a Loan set up as a Long term Liability in QuickBooks. You would then use that loan as the account on the check which would decrease the loan as well as the cash.
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