Skip to Main Content
Portail du forum communutaire/Community Forum Portal
Statut Répondu
Créé par AgExpert Support
Créé le 17 mar. 2016

Disqus Agexpert Accounting Questions Archive

We have recently incorporated with our 2 sons and I am a new user of ag expert. I am wondering if someone could help with some posting. I have to set up our operating loan which is fine but now we need to use some of that to payout operating loans on our other accounts. So when we take this out of our company account do we offset it to personal draw or any suggestions.
I REALLY APPRECIATE ant help.

  • RÉPONSE
    10 fév. 2025

    Hey Bernard. In a corporation your offsetting account is L-, Shareholder Loans. Did you set up the operating loan as a credit card or a loan account? If you set it up as a credit card, then just enter a withdrawal offset by an L- line to Shareholder Loans. If it is set up as a Loan account then your easiest posting will be a General Journal entry. Credit the Operating Loan and debit Shareholder loans.

  • Joindre des fichiers