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Post Info TOPIC: LLC Owner Equity
ncroghan


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LLC Owner Equity
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Aloha All, 

I was recently 'recruited' to start bookkeeping for a friend's professional electrician business (LLC). The owner purchased a vehicle personally and is making payments from a personal account. How would it be best recorded in QBO. I'm thinking I can show a credit to owner equity, but my background is in healthcare bookkeeping/medical billing and business school was a while ago. 

Thank you in advance for any insight. 

Regards,
Nick



-- Edited by ncroghan on Monday 14th of September 2015 09:08:34 PM

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Ridesy


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Posts: 79
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Hi Nick

From Subject and post content, I think you may want a U.S. based forum for your question and not one in UK, as assume this is a "limited liability corporation" in U.S?

Don't therefore know how many bookkeepers on this UK based site would be able to offer help?

Ridesy



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