How do you create a long term note receivable in quickbooks online

You can create and manage your notes receivable in QuickBooks Online (QBO), @michael@springpa.

Creating long-term notes receivable in QBO is just a few clicks. I can guide you on how to do it. 

First, you'll want to create an asset account to track your note receivable transactions. 

Here's how: 

1. Go to the Accounting tab, then choose Chart of Accounts. 
2. Click the New button on the upper right side. 
3. Pick Other Asset in the Account Type drop-down. 
4. In the Detail Type, select Other Long-term Assets. 
5. Tap Save and close. 

You may refer to this article for more knowledge: Add an account to your chart of accounts in QuickBooks.

After that, you'll want to set up a Service category, then link the Other Asset account to that item. Let me guide you on how. 

1. Choose the Sales tab, then select the Product and services button. 
2. Tap the New button on the right side. 
3. Pick Service, then enter a unique name in the field. 
4. In the Income Account drop-down, choose the asset account you've created earlier. 
5. Click Save and close. 

For more information, check out this link: Add product and service items.

Once you're ready to record your income, you can use that service item in your sales transaction. Additionally, if you want another way, I'd recommend consulting an accountant. They can help you handle your notes receivable data. 

Check out these links to learn more about how to issue a multi-purpose loan. Also, help you set up a recurring invoice for your customer for monthly payments.

• Track customer loans
• Create recurring transactions in QuickBooks

We do like hearing from you, so drop us a line and let me know if you have other questions. Keep safe. 

I tried to do that before I made my post, however, I don't have the same options as you are showing. When I click Add in the top right it brings me to this new category window, not new account, then I don't get the options you were showing me.