Is there a way of including Note repayments (from a Note Payable) in the QB online Budget?

Hi there, ccmagna1.

Thank you for visiting again the QuickBooks Community. I'll be sharing details about budgets in QuickBooks Online and how it works. Then, to ensure that you're able to include Note repayments (from a Note Payable) from a Budget.

In QuickBooks Online, you can always create budgets based on your accounting data. Once your budgets are in QuickBooks, you can review and adjust everything. Furthermore, all of the lines that appear on the budget page will be determined by your Chart of Accounts (COA). That being said, there is a way to include Note repayments (from a Note Payable) by adding an account to the COA.

Here's how:

1. Click the Gear icon and select Chart of Accounts.
2. Click the New button in the top right corner. 
3. Click on the Account Type drop-down to select the account type.
4. Select the Detail Type to specify the type of account that you want to add.
5. Enter the name of the account in the Name field.
6. You have the option of including information in the Description field and an amount in the Balance field. 
7. Click Save and Close.

You can open this article to see additional details: Learn how to set up and add accounts to your chart of accounts. This also provides information on what to do once you see a usage limit message about accounts.

Once done, you can click this article to view details on how to get or manage your budgets into QuickBooks: Create and import budgets into QuickBooks Online.

Lastly, please refer to this article to see information on how the accounts in the Chart of Accounts page categorize your transactions on everything from sales forms to reports to tax forms: Learn about the chart of accounts in QuickBooks.

If you have follow-up questions, please let me know by leaving a comment below. I'll be glad to check on them for you. Have a good one!

You did not answer my question at all. I already have the Liability account set-up in the Chart of Accounts. The issue I am having is that Liability accounts DO NOT get included in the Budget created by QuickBooks. How can I show in my QB Budget that I have a monthly expense of a loan repayment. Thank you

Thanks for your prompt response, @ccmagna1. I'll be adding a few clarifications in regards to the note repayments and QuickBooks Online Budgets.

Normally, QuickBooks Online (QBO) Budgets includes income and expenses. Considering Note repayments (Note Payable) is a liability account, this won't show when you create a Budget in QBO.

For more details about recording a loan repayment, feel free to check this article: Set up a loan in QuickBooks Online.

You can also find a ProAdvisor near you to help you learn more about how you can create or import a budget in QBO and get professional advice.

We can always help you here. If you have additional concerns with creating a budget, feel free to put a comment below. Anytime I'll jump in to assist. Stay safe and healthy!

I already knew that. How does QB suggest it be included in the budget?