I have a small business and have a Liability account Due to Shareholder.
When I did my Income Tax recently, in order to offset my Business Income my accountant took money from my business and put it as personal income, which I understand.
In order to reflect this in my QuickBooks I thought to Debit my Salary Expense account and Credit my Due to Shareholder, but my accountant said not to go through my Due to Shareholder. How else can I do it?
Any help will be appreciated.