Capital Value

Hi there, deanhowell.

I suggest creating an Asset account in QuickBooks Online to track the current value and depreciation of your assets or the things that your company owns. Then, you can store/enter the original purchase price in the Original cost field when setting up that asset account.

Before following the steps below, I'd also recommend consulting an accountant to help you choose the appropriate account and detail type for this asset account.

Here's how to create the asset account:

1. Click the Gear icon at the upper right corner. Then, select Chart of Accounts.
2. Click the New button.
3. From the Account Type dropdown, select the Assets account.
4. From the Detail Type dropdown, select the option that closely describes the asset.
5. Name the account, then select the Track depreciation of this asset checkbox.
6. Enter the current value of your asset or the original purchase price in the Original cost field and the as of date.
7. When you're done, select Save and Close.

Once done, you can record the bank loan to track what you owe for the loan. You can click this article to see the detailed steps: Set up a loan in QuickBooks Online.

Please check these articles on how to create an account to track the loan and its repayment to a customer and to enter a loan from the officer or owner of the company:

• How do I track a loan to a customer?
• How to record a company loan from a company officer or owner

Please know that you're always welcome to post if you have any other concerns. Wishing you and your business continued success.