Skip to main content
T
treymorice-gmail
January 27, 2024
Question

Where do I go to pay back a loan that was secured by an invoice?

  • January 27, 2024
  • 1 reply
  • 0 views
I borrowed against an invoice, the invoice was paid, and I would like to pay back the loan to quickbooks

1 reply

J
JanbonN
January 27, 2024

Welcome to the Community space, Trey.

 

To provide you with an accurate resolution, I'll need additional information from you. How did you record the loan in QuickBooks? Was this a customer or a vendor loan?

 

I'll be waiting for your response. Take care!

T
treymorice-gmailAuthor
January 28, 2024

Janbon,

Thank you for your reply 🙂

I got an advance loan on invoices that I am trying to repay (this is like factoring) but I cannot find a way to pay back the advance.

Thanks!

Trey

C
CarlSJ
January 29, 2024

Allow me to assist you in ensuring you can record a repayment for your loan in QuickBooks Online (QBO), treymorice.

 

Depending on the purpose of the loan. You can record and keep track of loans and payments. Then, follow the steps that suit your needs. Additionally, you can follow this guide if you want to record a loan once the invoice has been funded: Record a Get Paid Upfront loan in QuickBooks Online.

 

Furthermore, you can also check out this article to learn how to track bills and record the payments in QBO in the future: Enter and manage bills and bill payments in QuickBooks Online.

 

Feel free to go back in this thread if you have other loans or QuickBooks-related concerns. Keep safe.

Terms & ConditionsAccessibility statement