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July 24, 2021
Question

I have a project already created and have received a Loan from a person and I want to link it to the project, but it doesn't allow me as it's not from the client. How ?

  • July 24, 2021
  • 1 reply
  • 0 views
I want to show the Loan as income for the project. How do I add it as it's from a different source and the loan deposit doesn't have the option to link a project

1 reply

DivinaMercy_N
July 24, 2021

Hello there, @elizabeth46.

 

Making sure you can add a loan to your project in QuickBooks Online (QBO) is our priority. 

 

To help you with this, you can create a journal entry and then make sure to select the project in the line where you add the income account. Then, for more info about entering loans in QBO, please visit this article: Set up a loan in QuickBooks Online.

 

Also, to ensure that your books are accurate and to avoid messing up the data, I highly recommend seeking assistance from your accountant. They can give advice and guide you in properly recording the loan in QBO. If you're not affiliated with one, you can use our Find an Accountant tool to look for a Pro-Advisor near your area. 

 

I'm just one click away if you need a hand adding a loan to a project in QBO. Have a good one.