Property value

Hello, dad.

I'd be delighted to assist you with your goal of recording loan entries in QuickBooks Desktop.

To reflect the newly accurate values for the properties you have, we can create a Journal Entry. However, I still recommend seeking professional advice or guidance from an accountant before performing this process. This way, we can ensure the accuracy of your books.

1. Go to the Company menu and select Make General Journal Entries.
2. Fill out the fields to create your journal entry.
3. Please ensure your debits equal your credits once done.
4. Click Save or Save & Close when done.

On top of that, I'll add this handy reference for your guide to help you track your loans once your application is approved: Manually track loans in QuickBooks Desktop.

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

You can post anytime for more questions about handling loans in QBDT. Please know the Community has your back. 

@dadcowell 

Assets always stay on your books at their historical (original) cost, not current market values.