Loan origination fees

It is a deductible expense that can be included in your loan interest expense. You can create a sub-account to loan interest if you want to track it separately, or you can just expense it to loan interest.

Thanks, yes to the loan interest account, but what would be the offsetting account?  Debit/Credit

That depends on what bank the fee was paid with. If the fee was paid via a connected business checking account, then the expense will come through the bank feed and you can simply expense the charge when it comes through. If your loan payments are not coming out of a connected bank account, but rather a personal account that is not connected, then this expense would be a draw against Equity and a journal entry would need to be made.

Thank you again, the fee was deducted from the proceeds prior to deposit.  In other words what was deposited was less then the total loan due to the fee.

Ah, yes. Okay. Receive the original deposit amount to "undeposited funds". Then go to Bank Deposits and select the deposit, then "add funds to the deposit" below as a negative number in the amount of the loan origination fee and expense it to loan interest. This will reduce the amount of the deposit to what was actually deposited into your account and will provide you with a match in your bank feed to the actual net deposit amount that is less the fee.

I was going to do that - record the full loan amount then enter the bank origination fees as a negative, but won't that understate bank fees in the bank fees ledger?