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How do I link a loan principle payment to a long term liability to show a change in the loan balance after the payment every month .

 
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QuickBooks Team

Re: How do I link a loan principle payment to a long term liability to show a change in the loan ...

You can create a check, isisshrinerecord.

 

Here's how to create a check for loan payments:

  1. Go to the Plus icon and select Check.
  2. Choose the Payee from the drop-down list.
  3. From the Bank Account drop-down, select the correct bank account.
  4. From the Category drop-down, select the correct Liability account for the loan.
    Enter all necessary information.
  5. Hit Save and close.

For your future reference, check record a loan and its payment article.

 

Please let me know if you have other questions. Thanks!