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Updated over 5 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Friendswood, TX
  • Member since Mar 1, 2010
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Friendswood, TX
  • Member since Mar 1, 2010
Connect
Account Closed
  • Rental Property Investor
  • Friendswood, TX
508
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663
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Private Lending & Conventional Mortgage Advice

Accounting Input entry transaction for a loan

Account Closed
  • Rental Property Investor
  • Friendswood, TX
Posted

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. 

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Laura Viola's profile image
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Laura Viola
  • Member since May 20, 2019
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Laura Viola's profile image
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Laura Viola
  • Member since May 20, 2019
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Laura Viola
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Laura Viola
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Yes owner contribution.  I just took bookkeeping classes.

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