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Hi there, @scott-thibeau.
Thank you for posting in the QuickBooks Community. I'd be happy to guide you through the steps in setting up loan and payment in QuickBooks Online.
To start, let's create an account to track the loan and its repayment.
Once done, issue a check for the loan.
After that, you can create a recurring template to record the payment daily.
Create first a product service item.
After that, create the recurring check.
At the top right, click the Gear icon.
Select Recurring Transactions then click New at the top right.
Finally, receive the customer payments.
For additional support, feel free to reach out to our Phone Support. They can initiate a screen sharing session to help you setup this quickly.
That should do it. Drop me a comment below if you have any other questions about recording the loan repayment in QuickBooks Online. I'll be happy to help you further.