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Hello GourmetGG,
You can create an expense to record the loan repayment in QuickBooks Online. You'll have to make sure to use the liability account for the loan amount under Category details when creating the expense transaction. Here's how:
Create a liability account to track the loan:
Next, is to create an expense if you wanted to start recording payments for the loan.
Once done, the loaned amount in the liability account should decrease each time you record the expense for the repayment.
Also, you can check this link to learn more about how to Set up a loan in QuickBooks Online and How to record a company loan from a company officer or owner.
Feel free to comment below if you need more help. The Community is here to help you.
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