company grants loans and wants to track interest and principle

Money you give out as loans are assets on your books. Each loan is a separate Other Current Asset. You will have to create an amortization table for each loan and use that table to record principal and interest paid or billed to clients. Loan manager inside QB is only for loans you owe and there is no automatic way in QB to change the p&i on recurring invoices sent to client/customer.

You will record the principal as an "item" for each loan so that the payment posts to correct outstanding balance. Interest as an item will post to Interest Income account

Good morning, johnbah.

I'd be glad to help out so you're able to keep track of interest and principle for company granted loans.

This can be done in QuickBooks Desktop with a couple of different options. The purpose of the loan would need to be determined prior to the tracking setup. Purposes for the loan could either be to cover all open invoices or for other purposes.

If the loan's purpose is to cover open invoices, you'll need to:

1. Create an account to track the loan and its repayment.

2. Then enter a journal entry.

If the loan is for a different purpose:

1. Create an account to track the loan and its repayment.

2. Issue a check for the loan.

3. Record customer payments.

I recommend checking out the following link that provides even more details on tracking customer loans.

Please don't hesitate to reach back out if you have any other questions.