• From: USA, Wisconsin
  • Registered: 09/28/2007
  • Posts: 23

Topic: Load to Company Posting

I'm not an accountant so this may be a dumb question.  I am trying to post a loan to the company that shows u as a positive balance in the checking account.  I have tried posting a journal entry but got all messed up in the debit credit world.

So how should this be done? 

I have money to deposit into the account and want to track it as a loan to the company.

Thanks in advance

  • Registered: 12/25/2007
  • Posts: 2,448

Re: Load to Company Posting

This is question addressed to accountant then developer, but AFAIK you should post it on opposite sides on accounts 1700 (bank account) and perhaps 2000 shared capital or any liability account.