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July 26, 2022
Question

Need to see if I can defer my monthly loan repayment for one week

  • July 26, 2022
  • 1 reply
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Seeing if I can defer my monthly loan repayment for one week extension

1 reply

Candice C
July 26, 2022

Good morning, @scott-mauiwowitu

 

It's great to see a new face here in the Community. I appreciate you starting a discussion about your loan repayment. 

 

When recording information for a loan in QuickBooks Online, you can enter your repayment anytime. Here's how: 

 

  1. Tap the +New button on the left-hand menu bar. 
  2. Choose Check
  3. Enter a check number if you plan to send an actual check. If you use direct withdrawal or an ETF, enter Debit or ETF in the check # field. 

 

Next, enter the following in the "Category Details" portion of the check: 

 

  1. On the first line, pick the liability account for the loan from the Category dropdown.
  2. On the second line, select the expense account for the interest from the Category dropdown. 
  3. On additional lines, add any additional fees. Choose the appropriate accounts from the Category dropdown.
  4. Click Save and close when you're ready. 

 

It's that easy! 

 

Feel free to come back if you have any further questions. I'm only a post away. Take care!