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CAML
Level 1

how do you enter a loan in quickbooks self-employed

I am trying to enter my loan and the loan payments but cannot find the chart of accounts in quickbooks self-employed.

3 Comments 3
MaryLurleenM
Moderator

how do you enter a loan in quickbooks self-employed

Hello there, CAML,

 

Chart of Accounts is unavailable in QuickBooks Self-Employed. When tracking your business loan, only the loan interest is deductible.

 

Don’t hesitate to comment below if you got additional concerns, I’m always here to help you.

crackertales
Level 1

how do you enter a loan in quickbooks self-employed

Ok. But how do I track a loan payment in Self-Employed QBs if a loan can't be created. Money needs to be tracked in and out.

Thank you.

ddniak64
Level 1

how do you enter a loan in quickbooks self-employed

So how do you record the payment that comes out of your account.  Do you just Disregard it

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