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AbegailS_
QuickBooks Team

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Thanks for the clarification, @Grovegal

 

Allow me to step in and provide additional information about your concern.

 

You can follow the steps provided by my colleague @ChristieAnn in order to repay an owner in advance.

 

If you have a partner in the company, you don't need a new equity account. Instead, use make deposits and select the equity or better the equity investment account for the partner.

 

I also got here  the article about the owner's draw, for reference: Set up and pay an owner's draw

 

You may refer to this article to view details on how you can record a loan from the officer or owner of the company by setting up a liability account in the QBO: How to record a company loan from a company officer or owner.

 

You'll want to consult your accountant to make sure your transactions are accurately recorded.

 

I'm always here if you need more help in recording your entries in QuickBooks. , I’ll be more than happy to help. 

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