In QBO balance sheet, Shareholder Loan (amount owed to company - removed by Shareholder) reduces Retained Earnings. Why does it not do the same in TurboTax for Business?
The Retained Earnings should be decreased as the money was removed from the company legitimately. The shareholder has 1 year after taxation year end to repay the amount owing, at which point a dividend will be declared to make this repayment. The corporations' retained earnings should be reduced to show this amount removed from the corporation.