How to delete a loan that is showing but is not connected to the business

Hi there, 

Recording a loan in QuickBooks Online is a straightforward process that can be done in just a few clicks. I know how important it is to not only be able to record loans, but also to remove them from the system if you don't need them there. I'd be happy to explain how to delete a loan you've recorded in your account. 

As explained in this article titled, "Set up a loan in QuickBooks Online", loans are recorded via journal entry. If you'd like to delete the journal entry, follow the steps listed here: Reverse or delete a journal entry.

If you've recorded a loan payment as a cheque (also explained in the above article about setting up your loan in QBO), you'll simply delete the cheque by following these steps: 

1. From the left menu, select Expenses, and choose Expenses.

2. In the Expense Transactions window, find the expense to delete.
3. From the Action ▼drop-down menu, select Delete.
4. Select Yes to confirm that you want to delete the transaction. Once you delete an expense, only the Audit log maintains a record of it. To open the Audit log, select Reports from the left menu and enter Audit Log in the search bar.

That's all there is to it. If you have any other questions, please reach out to our tech support team.

Cheers!