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August 26, 2020
Question

Transfer a loan from one bank account to another bank account

  • August 26, 2020
  • 1 reply
  • 0 views

Hi, I have received a loan and then transferred it to another bank account 6 days later. How should I record the loan initially in quickbooks online and how should I record the transfer into the other bank account? I want to avoid showing two loans

1 reply

john-pero
August 26, 2020

Record the loan liability in the initial deposit.

Record the movement of funds as a bank transfer