Loan Payment

How to Record a Loan Payment in QuickBooks

  Previously I set up a liability account for a Trailer Loan in which the total cost was entered. I have set the payment up as a pre-authorized type, and since the bank charges both principal and interest on this loan, I am going to show you how to record a payment to recognize both components. This is done using the Write Cheques feature. Making sure I am on the Home page, I will...

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