How do I record credit card interest and loan interest?

Good day, userdavid3.

Yes, you will need to manually the credit card and loan interest payments in QuickBooks Online.

First, set up an expense account for the interest. Here's how:

1. Go to the Gear icon and select Chart of Accounts.
2. Select New.
3. Click the drop-down list for Account Type and select Expenses.
4. Select Interest Paid for Detail Type.
5. You might also want to change the name of the account if you want to.
6. Click Save and Close.

Second, use the account when creating a check or expense transaction for the interest payment. Here's how: 

1. Click the + New button in the upper-left hand corner
2. Select Check or Expense.
3. Choose a Payee, a Payment date, and a Payment method.
4. From the Payment account drop-down menu, select the bank account you're reconciling.
5. Under the CATEGORY column from the Category details, choose your Interest Expense account.
6. Enter the amount of the interest charge.
7. Click Save and close.

Here's an article about this for more details and reference: 

• Record A Payment To Your Line Of Credit
• Set Up A Loan In QuickBooks Online

The Community is always here if you need anything else.