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How do I track loan payments in QuickBooks Self-Employed?

I would like to track loan payments for a capital loan I have. There was a fee and there is interest involved, but I'm not sure how to track them or categorize them. Thank you for your help!

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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)

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