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May 23, 2023
Question

How to clear negative cash balance to shareholder loan to reflect cash injected into business

  • May 23, 2023
  • 1 reply
  • 0 views
New corporation where LHI was funded with personal resources. Need to clear negative cash balance with offsetting shareholder loan

1 reply

Level 6
May 24, 2023

Hi there,

 

Welcome to the QuickBooks Community. QuickBooks is an easy-to-navigate program that helps you to manage your accounting with ease. I'll be glad to share more info so you're on the right track with your work. 

 

In order to accurately record your transactions, I highly recommend consulting an accounting specialist for expert suggestions. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. In the meantime, feel free to check out the following article that shows you how to: Categorize and match online bank transactions in QuickBooks Online.

 

Let me know if this info helps. Otherwise, feel free to ask questions in the comments below.