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How to show repayment of shareholder loan

mayank646mayank646 Member Posts: 3

Hi,
We have recently incorporated and have invested some money in company on various things. I have added two shareholder loan accounts for each of the partners and put the expenses in their names respectively. Now how pay back the shareholders and record the transactions ?

I have put the partner's initial spend as expenses ? Is that incorrect ?

in Using Wave

Comments

  • sssharkssshark Member Posts: 1

    Wondering if you ever figure out how to do this?

    When we first started the company we put in some amount of money and now would like to reimburse the shareholder. The current seed money shows up as a liability which I believe is correct but how can we repay the liability and have it recorded correctly against the initial set of capital.

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