Setting up a loan

in the chart of accounts, create a liability account, due to [name]

make a deposit and use that due to liability account as the source account for the deposit

Hey there, @krucki

Setting up a loan only takes a few clicks.

Here's how:

1. Go to the Gear Icon and click Chart of Accounts.

2. Click New.

3. In the Account Type drop-down, select Long Term Liabilities. If you're going to pay the  loan off by the end of the year, click on Other Current Liabilities.

4. From Detail Type,choose Notes Payable. 

5. Enter a name for the account.

6. Type in the amount of the loan as a negative amount in the Amount field.

7. Click Save and Close.

Here's an article that shows you how to record the money you get from the loan, and how to record the loan payment: Set up a loan in QuickBooks Online

That's all there is to it! If you have any other questions, don't hesitate to reach out.