How to Set Up a Loan in QuickBooks Online
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sophiajohnson87
• Go to Settings > Chart of Accounts > New
• Choose Non-Current Liabilities, if you are planning to pay the loan by the end of the financial year otherwise select Current Liabilities from the dropdown list of ‘Account Type.’
• Select Notes Payable option from ‘Detail Type’ dropdown.
• Give that account a relevant name so that you can know what the loan is about.
• Then choose from when you want to start tracking your finances and enter the amount in the Balance field and enter the as of date.
• Save and close it.
You can get help from experts by dialing QuickBooks Customer Service Number available at all 24 hours.
Read more: - https://www.accountinghelpro.com/how-to-set-up-a-loan-in-quickbooks-online.php
3 years, 2 months ago