I have taken a long term loan to buy a franchise how do I account for this in self employed.and account for the loan payments

Yes, QuickBooks Self-Employed (QBSE) allows you to track loans under the Personal category. As for repayments, the sofware doesn't offer this category.

To record and categorise your loan, here's how:

1. Log in to your account.
2. Go to Transaction, then Add transaction.
3. Enter the loan details.
4. Choose Personal in the Type column and select the appropriate account in the Category column.
5. Once done, click Save.

To learn more about categories in QBSE, please visit this article: Learn about income and expense categories in QBSE.

Also, I recommend reaching out to an accountant for professional guidance to ensure your loans are accurately tracked and properly categorized.

If you have other concerns about this, feel free to reply to this post.