Transfers from outside accounts

[Michael Hendry]

> On 8 Feb 2015, at 15:45, EngineInstitute <info at chinablueart.com> wrote:
> 
> Tommy,
> The partner is making it a loan to the company.
> How do I post this?
> Thanks.
> 

I’d suggest you create a new account, such as...

Liabilities:Loan from PartnerX

…and use this as the source of the cash which is going into the company’s checking account.

It will then be reported as a Liability in the Balance Sheet until the loan is repaid.

Michael

> 
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