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Z
Z23
Level 2
March 3, 2026

Loan Repayment to Shareholder

  • March 3, 2026
  • 1 reply
  • 3 views

Hello

Please advise how to record Loan Repayment to shareholder on the Balance Sheet in Proconnect?

Is it ok to reduce cash balance at the end of the year for that amount and enter net amount?Loan Repayment was entered in Shareholder Info and flowed to 7203 where Debt Basis was adjusted accordingly

thank you

1 reply

IRonMaN
IRonMaN
Level 15
March 3, 2026

"Is it ok to reduce cash balance at the end of the year for that amount and enter net amount?"

Isn't that what happened?  The balance sheet should reflect actual numbers as of the year end date.

Slava Ukraini!
    Z
    Z23Author
    Level 2
    March 3, 2026

    correct,it is what happened 

    I was just wondering if we manually enter net amount (cash less loan repayment) or software(Proconnect) calculates it after you enter it in shareholder info but it did not unless I am missing something

     

    IRonMaN
    IRonMaN
    Level 15
    March 3, 2026

    I don't do ProConnect but if it didn't transfer the loan info, the odds are pretty good that you have to enter it manually.

    Slava Ukraini!
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