The process is the same, Daisydays22.
You can follow the steps provided by my colleague. Then, set up the owner as a vendor. This way, it will show that the business owner made a loan to the contractor. Here's how:
- Click Expenses.
- Go to the Vendors tab.
- Click New vendor.
- Enter the details.
- Click Save.
As always, we suggest conferring with your accountant on the best way to handle this situation.
We're just around if you need our help. Feel free to reach out to us again.
