How do I create a loan to shareholders and record the payments?

I'll help create and record your shareholder's loan, @Chazaq.

You'll need to set up a liability account for the loan and then create a journal entry to record the loan. Then, write a cheque to record the loan payment. Let me guide you how.

To set up a liability account:

1. Go to Accounting and then choose Chart of Accounts.
2. Select New.
3. In the Account dialog, pick either Other Current Liabilities or Long Term Liabilities from the Account Type drop-down list, depending on the type of loan and its repayment time frame.
4. In the Detail Type drop-down list, take either Other Current Liabilities or Long Term Liabilities.
5. Enter a Name for the account. For example, Loan from Officer/Owner.
6. Leave the Unpaid Balance field blank.
7. Click Save and close.

Next, create a journal entry for the loan. Here's how:

1. Go to + New.
2. Under Other, select Journal Entry.
3. Enter the amount of the loan and log the proper amounts to the appropriate expense accounts.
4. Click Save and close.

Lastly, record the loan by following the steps below.

1. Go to + New.
2. Under Suppliers, select Cheque.
3. From the Account drop-down list, choose the liability account you created for this loan.
4. Enter the Amount of the payment.
5. Click Save and close.

Want more details? Check out this guide: How to record a company loan from a company officer or owner.

That'll do it. Feel free to also browse this link in case you need help in managing your QuickBooks Online (QBO) account: Help articles for QBO-International.

Please know that you're always welcome to reply anytime if you have questions or concerns with loans. Just drop below and I'll be here to assist you. Take care and have a nice day ahead.