Re: Need help to set up a long term loan in QBO? I read the instructions: * On the second line, select the appropriate asset account from the Account dropdown.*
Need help to set up a long term loan in QBO? I read the instructions: * On the second line, select the appropriate asset account from the Account dropdown.*
The asset account - this loan will be used for whatever we need - payroll, job supplies, etc What asset account would that be?
Need help to set up a long term loan in QBO? I read the instructions: * On the second line, select the appropriate asset account from the Account dropdown.*
In this case the asset account would be the bank account you put the money in
I dislike those instructions, I prefer
create the loan liability account, zero balance
make a deposit and use the loan liability account as the source account for the deposit
Need help to set up a long term loan in QBO? I read the instructions: * On the second line, select the appropriate asset account from the Account dropdown.*
Thank you Rustler for the reply and help. Is there any chance you could post some screenshots or images to ‘see’ what you are saying about setting this up? Thanks
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
