Microsoft has a free accounting package that you can download - Accounting
Express or some such name. Far better to use a canned program, even a free
one, than trying to re-invent the wheel.

"Dvcdale" wrote:

Yes this helps and I thank you for the information. I knew I needed help
when I set up the P & l showing the loan monies as income and then showing a
profit when I knew we were not profitable. Thanks again.
Dale

"Dvcdale" wrote:

I am trying to set up a P & L for a new business I set up for my son. Do I
list the loans I make to the business as "income" on the P & L?? Do I list
the loans as an expense item? Please advise.