You can utilize the Find Match feature to associate the full payment amount with the individual principal and interest entries in the loan account, @cmllr50. I'd be delighted to guide you on how to do this in QuickBooks Online (QBO).
You can follow the steps below:
- Go to the Transactions menu and go to the Bank Transactions page.
- Locate the loan transaction, then tap Match.
- This will open the Match transactions page, where you can choose the transactions to match.
- Find the payment and interest amount entries.
- Click Match and Yes to confirm.
For further reference about recording your loans and their payments, you can read this article: Set up a loan in QuickBooks Online.
Moreover, we recommend reconciling your accounts to ensure that all your financial records are accurate and up-to-date.
The Community space is still open for you. So, if you have questions about handling your loans, payments, or any tasks in QBO, let us know, and we'll be here to help.
