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MQP
Level 1

Why would you remove Loan Manager?

Why would you remove Loan Manager from Quickbooks Desktop? Why did I upgrade just to lose a feature?

 

https://quickbooks.intuit.com/learn-support/en-us/help-article/cash-flow/features-discontinued-quick...

3 Comments 3
Trish_T
QuickBooks Team

Why would you remove Loan Manager?

Hi MQP,

 

Thanks for reaching out here.  Welcome!  QuickBooks Desktop Loan Manager and Cash Flow Projector were discontinued in QuickBooks Desktop 2022.  However, if you've upgraded to a newer version of QuickBooks and these features are missing, click here.

 

If you require additional assistance, please don't hesitate to contact us outside of Community. 

 

Feel free to reach back out with any other questions.  We'd be happy to help!

HeadOffice
Level 2

Why would you remove Loan Manager?

I strongly second this!
I used Loan Manager for all loan because it made life easy: After setting up a loan, it would automate everything ... automatically calculate the interest & principal portions of each payment and record it. Thus, ensuring interest expense & loan balances were accurate.
Now, I see no other option but to manually do this myself ... for each and every loan ... for each and every month. This will take tremendous time and effort.
I was told I had to upgrade to get the new payroll tax tables. It was disheartening to discover after the fact that this feature was gone. My choices were to go back to the old QB (and have out of date payroll taxes - not an option CRA agrees with) or keep the new version with no Loan Manager.
Please, please, bring this feature back!

 

Are there any other options available for recording loan payments?

Alex M
QuickBooks Team

Why would you remove Loan Manager?

Hi there HeadOffice,

 

I can see that having the Loan Manager function in QuickBooks Desktop 2023 would be a feature that you'd like to see available. I recommend leaving feedback in the system by clicking on the Help menu, then Submit Feedback Online. The comments made in that section are taken into consideration by our developers when designing new updates for the program.

 

For assistance in entering loans in QuickBooks Desktop, I recommend speaking to the QuickBooks Desktop support team outside of the community. They'll be able to view the way you're currently using to enter your loans to see if there is a more effective way at entering the reactions, you can reach them using the methods provided in the QuickBooks Desktop software support policies.

 

If you have any other questions, feel free to reach out here.

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