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A
Amikwil
November 1, 2024
Question

Fixing bill payments to Loan payments instead

  • November 1, 2024
  • 1 reply
  • 0 views

changing transaction from a bill payment to a standard loan payment. Bill was deleted and accountant does not want bills in the system. how can we correct prior years without affecting numbers? none of the payments are showing against the loan and it does not allow me to change it from a bill payment to just a standard check.  I want to avoid having to re-add all the bills that were deleted. 

1 reply

C
Carneil_C
November 2, 2024

We're unable to change bill payments to loan payments, @Amikwil. I'd be glad to provide the details below.

 

Since those bill payments were from prior years, and books are closed. If you don't want to record those bills, you'd likely need to create a check when tracking loan payments. Here's how:

 

  1. Go to the Banking menu, then select Write Checks.
  2. Select the Bank Account you want to use to pay the loan.
  3. Verify the Check NO. and Date.
  4. In the Pay to the Order of field, select the bank.
  5. Enter the details needed in the Expenses tab:
  6. Click Save & Close.

 

You can visit this guide or a detailed step-by-step process about manually tracking them in QBDT: Manually track loans in QuickBooks Desktop.

 

Moreover, I'd still recommend seeking professional advice from your accountant for alternative ways to ensure the accuracy of your accounts.

 

Also, this article can help you if you want to keep track of your loans and reminders about upcoming payments: QuickBooks Loan Manager.

 

Feel free to post your replies about handling bill payments and loans in QBDT. The Community has your back. Keep safe always.

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