Debit and Credit

I'll gladly help you record your transactions in QuickBooks Desktop (QBDT), sayedalijabran. 

When setting up a loan in QBDT, you can create a liability account to track what you owe, determine the loan balance, and write a check to pay it. If you already have a liability account, we can write a check for the amount in your number 4, record the original loan amount, and then create a check to record the repayment.

Here's how:

Step 1: Create a Journal Entry

1. Go to the Company menu and select Make General Journal Entries.
2. Fill out the fields to create your journal entry. Make sure your debits equal your credits when you’re done.
3. Select Save or Save & Close.

Step 2: Deposit the loan amount

1. Go to the Banking menu, then select Make Deposits.
2. If the Payments to Deposit window opens, select Cancel or click the X window to exit.
3. Choose the account where you wish to deposit the loan from the Deposit To dropdown.
4. In the From Account column, select the Liability account you created.
5. In the Amount column, enter the loan amount.
6. Select Save & Close.

Step 3: Create a check for loan repayment

1. Go to the Banking menu, then select Write Checks.
2. Select the Bank Account you want to use to pay the loan.
3. In the Pay to the Order of field, select the bank's name.
4. In the Expenses or Items tab, fill out the necessary information.
5. Fill out the fields as needed.
6. Review every detail in your entry, then select OK.
7. When you’re done, click Save & Close.

You can also refer to this material to learn more about loans and how to record them in QBDT:

• Manually track loans in QuickBooks Desktop
• Create a journal entry in QuickBooks Desktop for Windows or Mac

Furthermore, you might also want to track your loan with the help of the Loan Manager in QuickBooks Desktop. This article will guide you through the process: QuickBooks Loan Manager.

Please let us know if you have additional questions regarding tracking your loans, sayedalijabran. We'll be right here to guide you.