I hope you're having a great week so far. Allow me to provide some more information about loan liabilities. When you delete a loan check from the loan manager, it requests the update, so it's able to calculate the changes you've made to the loan. This means that the payment number and schedule will be updated when you click confirm on the prompt page. The update may take a few minutes, but then you'll be able to see the changes you've made by deleting the check. You can check out this article about QuickBooks loan manager for more information.
Feel free to drop a line below if you have any other questions. Enjoy the rest of your week!
Deleting loan manager check & reopening loan manager will prompt a confirmation to update the loan liability. Will the payment # and payment schedule be updated?
Thanks for the reply.
Just to reiterate, I use QB Pro Desktop 2018.
You stated "When you delete a loan check from the loan manager". I do not see a method of deleting a loan check within loan manager. I suspect that you meant that when a loan check is deleted from the register or write checks window, that loan manager when next opened will prompt me to verify the changes so that loan manager can update accordingly. Correct?
I know that when the interest & principal accounts are slightly adjusted to mirror the bank statement that loan manager when next opened will prompt me to verify & then update. Therefore this situation will be similar. Correct?