Updated over 6 years ago on . Most recent reply
Accounting Input entry transaction for a loan
Hi! Not sure if this is the right spot to put it. But say you have a company loan on the books. You go to pay off loan BUT you pay it from your personal account. Ideally you xfer to the company and pay direct. The one account will be the loan getting paid but is the other account would be owner contribution account?
Thanks for your help in advance.
Most Popular Reply

Yes owner contribution. I just took bookkeeping classes.