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record intercompany loans in QuickBooks Online lets say you have a client his name is John wick hes a professional hitman and hes got two companies one is called for hire Inc and the other one is called on target Inc all in all theyre actually three entities to deal with because theyre the two companies and then theres John wick himself now typically when money goes moves be directly between the owner and the company well call it either shareholder contributions or distributions depending which way the money goes another way is though that you could record it as a loan to and from the shareholder and the only difference really is were talking about putting it in a different section on the balance sheet right contributions or distributions are equity accounts the the nomenclature itself implies equity were contributing money into the business or were distributing money taking money out of the business thats clearly an equity section classification on the other hand we can ju
