I'm new to QB. I have a new loan for a equipment purchase. I set up a Long Term Liability account. Am I supposed to enter the amount of the loan as a negative? When I first set up the account it asked what the balance was on that day so I entered a positive amount but then I read some Q & A's and it said to enter as a negative so I'm just confused.
When I make a payment direct from my checking that is set up in QB's, how do you properly enter it? Thank you in advance!