In QuickBooks Desktop, create a loan. Step 1: Create a liability account to track your debts. To begin, create a liability account to track the loan: Step 2: Keep track of the money you received from the loan. You now have a bank account with the entire loan amount in it.
Step 3: Make a note of the loan repayment. To make a journal entry for the loan, click the "Journal Entry" icon. Choose the loan's due date. Select the loan account, type a description, then put the loan amount in the "Debit" column. On the next line, select "Accounts Receivable." To know more visit here: How To Set Up Loan In Quickbooks Desktop
Popular Posts
