Re: How do I track loan payments in QuickBooks Self-Employed?
You can not, QBSE is way too simple for that
the interest you pay over the principal amount is interest expense
but you can not create any accounts (categories) in QBSE
QBSE does not allow for any new accounts (categories) to be created QBSE does not have sales receipts, only invoices QBSE does not allow for journal entries QBSE does not have the class function QBSE does not do recurring transactions QBSE does not keep a customer or job listing QBSE does not have a balance sheet so you can not enter the cost or the depreciation for a car/equipment QBSE does not do inventory or cost of goods sold QBSE can not do payroll QBSE does not do any associated IRS forms, like home office deductions or depreciation QBSE will not accept a banking file formatted as .qbo (a standard intuit type of file)
QBSE does not do sales tax either (not schedule C related but critical to a business)