share this page:
facebook
tweetlinkedinpinterest
Service
Categories Close
loader

QuickBooks Loan Manager: How to Setup it?

valid until: 12 Aug 2021date published: 12 Aug 2020

QuickBooks Loan Manager establishes loans in QuickBooks counting on the data given on the Long-term Liability & Other Current Liability accounts. The Loan manager enables you to trace both Principal and interest without glancing over the amortization tables to guage the amounts. Subsequently, these amounts are going to be entered manually using the journal entries.

How to Set Up a Loan in QuickBooks?

First of all, you've got to settle on Banking, Loan Manager from the menu.
Now, click on Add a Loan and fill altogether the specified details.
From the Account Name drop-down list, choose long-term liability account for the loan.
After that, from the Lender drop-down list, choose the Payee.
Fill up the loan Origination Date.
Next, from the Terms list, you've got to settle on Weeks, Months, or Years and click on on Next.
Choose a Payment Method and fill within the rate of interest .
After that, choose a Compounding Period.
From the Payment Account list, you've got to pick a checking account .
Now, select the expense Account. Click on Finish.

Setting up the accounts for QuickBooks Loan Manager

Step 1: Set-up a Liability Account
Step 2: Create a Vendor
Step 3: Set-up an expense account
Step 4: Set up an escrow account

You can simply make a call at our toll-free number i.e. 1-800-865-4183 and speak to our experts and certified accounting professionals and get answers to all your queries. Thus, do not hesitate in ringing up anytime, our professionals will be there to help you.

Contact

e-mail: jameskellyac@gmail.com

web site: https://www.askforaccounting.com/record-vendor-refund-in-quickbooks-desktop/

Make your ad VIP for one month. Click HERE for more details:
MAKE VIP
Images
QuickBooks Loan Manager: How to Setup it?

You may also view these ads:

MAKE A YEARLY SALARY IN JUST 3 MONTHS BECOMING A TAX PREPARER MAKE A YEARLY SALARY IN JUST 3 MONTHS BECOMING A TAX PREPARER

MAKE A YEARLY SALARY IN JUST 3 MONTHS BECOMING A TAX PREPARER

Service » financial services » accountants
USA » Florida » Clermont

As a company, we strive to fit outside the box. Other traditional tax companies typically service their companies only during Tax Season. Instead, Kinlock’s Tax believes in fostering important ongoing relationships with our agents and customers year long. We realized by always Putting Our People (Agents, Customers) at the forefront of every major decision we will continue to succeed at a high level while impacting the masses around the world financially through our competitive compensation Plan. We truly value seeing growth not only within our company internally but growth around the world. Mo...

date: 17 Jan 2021 - 17 Jan 2022

Audit services in Dubai ITCAE Audit services in Dubai ITCAE

Audit services in Dubai ITCAE

Service » financial services » accountants
UAE » Dubai

Our audit commitment is based on a complete understanding of you and your Organization. Our experience and insight mean we can develop targeted audit plans specific to your business needs. It also means we can focus on new opportunities and dynamic solutions to enhance performance and profitability. We provide you best audit services in Dubai . Contact Us(+971 54-565-5502) for more information or any consultation.

date: 17 Jan 2021 - 17 Jan 2022