![]() Long Term Liability Account – if you’ve taken a long-term loan payable over more than a year.Other Current Liability Account – if you’ve taken a short-term loan payable in one year.Launch QuickBooks, and go to the Lists menu.Here’s how you can set up a liability account to track loan payment in QuickBooks desktop: ![]() If you want to rely on QuickBooks accounting software to track your loan and loan payments, you must create a liability account. Set up Liability Account before you Enter Payment for a Loan in QuickBooks Solutions to all of your accounting and bookkeeping problems with industry leading 6.3 Record a Loan Payment in QuickBooks Online.6.2.2 Option 2 – Use Loan amount instead of saving into a Bank.6.2.1 Option 1 – Put Loan Money into the Bank Account.6.1 Set up a Liability Account for Tracking Loan Payments.6 How to Record a Loan in QuickBooks Online?.5 How to Record a Loan to an Employee in QuickBooks?.4.1 Create an Asset Account to Record Loan.4 How to Record a Loan Receivable in QuickBooks?.3 Another Method to Record a Loan Payment in QuickBooks:.2.2 Record a Non-Cash Asset Loan in QuickBooks.2 How to Record a Loan Payment in QuickBooks:.1 Set up Liability Account before you Enter Payment for a Loan in QuickBooks.
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