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The best ways to learn how to set up loan in quickbooks is by using timely intuit quickbooks customer support. With the proper use of intuit quickbooks customer service queries such as; how to enter loan in quickbooks and how to record a loan payable in quickbooks can be easily answered. Online help and support options are also available at all times to offer troubleshooting steps for the how to record a loan receivable in quickbooks query.

The intuit support for quickbooks professionals are present 24/7 to look after the how to record a loan to another company in quickbooks queries. Moreover, you may as well visit: https://www.intuit-support-number.net/ to gather important information related to an error. The certified team of intuit quickbooks tech support is hired on the basis of their experience and problem-solving abilities. Just explain the error that is bothering you at the intuit quickbooks technical support helpdesk by using the intuit quickbooks support phone number.

Here’s how to record a loan payment in QuickBooks: –

Step#1: Create a New Loan Account

  • Go to the ‘Lists’ menu of Chart of Accounts
  • Click on the ‘Account’ button and then on ‘New’
  • You pay as well directly press ‘Ctrl + N’ to create a new account.
  • Now, click the ‘Type’ option and select “Other Current Asset” in case the loan is scheduled for repayment. Or Click on “Other Asset” in case the loan has to be paid during the current year.
  • Click “Continue” and fill in the details for the loan. You will have put a Loan Name (Company or Individual Name). Then, add a Description to it, if there is a subaccount attached to it.
  • . Enter the actual amount into the Opening Balance field
  • Click OK.

Record Loan Payments

  • Click on ‘Make Deposits’ from the Banking Menu
  • Select a payment attached to the account.
  • Enter the Asset Account you created for the loan in the From Account field.
  • Fill in the customer’s payment in the Amount option
  • Now add the customer’s name again in the ‘received from’ option
  • Enter the account you use to track interest income into the “From Account” field.
  • Enter any part of the payment that goes to interest in the Amount column. You may use the “Interest Income” account listed under “Other Income type” (if you have a specific account dedicated to recording interest, choose that)
  • Save & Close the window.

The intuit quickbooks customer support number is the best way to contact intuit quickbooks help center. Getting problems reported at the helpdesk will get you a definite solution to the problem. Do not hesitate to call on the toll-free number and ask for assistance no matter what the issue. The quickbooks team of experts will be more than happy to guide you.

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