QuickBooks Pro is one of the most demanded software’s by Intuit. The program that came into existence not long ago is now being used both by small and large business organizations. Not only you can record and report your entries but it also helps you do your A/P or A/R on autopilot. All you need to do is supply entries within QuickBooks. If you have a loan to make then all the tracking can be easily done with QB. Let’s just understand “How to record a loan payment in quickbooks” the easy way.
Though you can use quickbooks with lot of ease and plenty of features but today we will try to find how to record a loan payment in quickbooks. Thus without further adieu let’s jump into find how you can do that:
Print your cheques
When your bills are due, you can directly print out a check from QuickBooks. This software records all your transactions and has the option of linking your banking accounts too. Since you can view all your financial records on a single screen, you can discard the use of paper bank statements.
Keep a track of expense billing
If you run a business, then you would need to keep a track of your expenses which have to be later billed to clients. Every kind of expense whether big or small that may or may not include, your car expense, any purchase of raw material etc can be easily recorded within QB.
Deposit the Loan Amount
Click “Banking” in the main menu and then select “Make Deposits” in the context menu. If the Payments to Deposit window opens, click the “Cancel” button to close the window.
Recording Loan Payments
Hope you have solved your query by now. But if you are still facing issues with quickbooks or looking for further solution then get in touch at our Quickbooks Canada Support at our Toll free number at 1800-940-7442.
What is Qbpro?
We are a Quickbooks and TurboTax consulting firm that takes care of all the issues that people might ever face within these programs. If you are using any of the above platforms and are continuously faced with bugs then we are here to help. You can connect with us for errors related to Quickbooks or TurboTax via any of the medium below:
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Disclaimer: QBpro.ca is a reputable QuickBooks® Consulting firm that provides professional support services related to your accounting software. It is also a front-runner in providing 3rd party technical support services for quickbooks.
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