I already have financing. How do I add my own financing in QB Essentials?

Good Morning KIMatJandT,

Welcome to the QuickBooks Community! I will be delighted to assist you in recording and tracking a loan in QuickBooks Online. You can set up a liability account to record the loan and its payments. This account tracks what you owe. Here's how:

1. Go to Settings , then select Chart of accounts .
2. Choose New to create a new account.
3. From the Account Type ▼ dropdown, select Long Term Liabilities, then select Notes Payable from the Detail Type ▼ dropdown.
   Please Note: if you plan to pay off the loan by the end of the current fiscal year, select Other Current Liabilities Account Type ▼ dropdown, then Loan Payable from the Detail Type ▼ dropdown instead.
4. Give the account a relevant name, like "Loan for a car" or "Covid-19 relief loan."

From there you would have to determine the loan balance and record the loan repayments, which can be found in this detailed article below:

• Set up a loan in QuickBooks Online

Please let me know if you need clarification on any of the steps! My team and I are here to help. Happy holidays!