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April 7, 2023
Question

How to enter transaction

  • April 7, 2023
  • 1 reply
  • 0 views

I assume I use Gen Journal but not sure.  We made a purchase for x amount.  Made a down payment and the rest is a loan.  How do I record this?

Thanks

 

1 reply

April 10, 2023

Hi Trishmcd,

 

Welcome to Community!  It's great to hear that you've received a loan and are ready to start tracking it.  QuickBooks Online simplifies your work so you can get back to what you love.  I'd be glad to assist!

 

Once you set up a liability account, you can record the loan amount and the payments you make towards it.  Here's a helpful guide, to walk you through the process.  If you need to record a company loan from a company officer or owner, click here.

 

Should you require additional assistance, please don't hesitate to contact us.  It would be our pleasure to work with you directly and ensure you're able to record your loan successfully.

 

Schedule a Callback or start a Chat: click (?) Help in the upper right in QuickBooks Online > enter "Contact support" > hit Contact Us > provide a brief summary of your situation > hit Let's Talk > choose Get a callback or Start a Chat.
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Support hours are from Monday to Friday between 9 a.m. and 8 p.m. ET.
 

Feel free to reach back out if you have any other questions.  We're always happy to help!