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record intercompany loans in QuickBooks Online let's say you have a client his name is John wick he's a professional hitman and he's got two companies one is called for hire Inc and the other one is called on target Inc all in all they're actually three entities to deal with because they're the two companies and then there's John wick himself now typically when money goes moves be directly between the owner and the company we'll 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 we're 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 we're contributing money into the business or we're distributing money taking money out of the business that's clearly an equity section classification on the other hand we can ju...