How to track S-Corp loans paid out of personal Bank account?

Hi E,

If your S Corp and Rental property business are two different businesses (which it sounds like they are), you need to set up separate bank accounts for each business so that you can track your loan payments for the S Corp in the S Corp bank account. Classes works great to help separate income and expenses for multiple departments or locations but when you are managing two different businesses they should each have their own QuickBooks company file and bank accounts.

Best-
Crystalynn Shelton, CPA