I have made a couple of transactions that I can't figure out how to record in Quickbooks.
I bought a piece of land with personal funds last year and had it deeded in my LLC's name. . I think I should have written the company a check and recorded it in the "owner equity" account but I'm not sure how to record it now.
Secondly, my company has since taken out a loan against the property. I deposited the money in the company bank account but I don't know how to record it. Do I set up a liability account?
Your help is greatly appreciated! Mel