Good day, asunef.
We recommend reaching out to your tax adviser when choosing the category for the said loan. Doing so ensures you record the transaction accurately.
For now, you can manually record the loan by following the steps below:
- Go to the Transaction menu and select Add Transaction.
- Enter the amount and a description.
- Select the Select a category menu. Select the best category to organize your transaction.
- If you have a receipt, you can drag and drop it onto the form.
- When you’re done, select Save.
You can take a look at the following article. This will provide you lists of categories to help guide you in tagging or categorizing your transactions as well as organizing them accurately in QuickBooks: Updates to expense categories in QuickBooks Self-Employed.
Additionally, you can visit the following write-up regarding how Schedule C categories show up on your financial reports: Schedule C and expense categories in QuickBooks Self-Employed.
Keep in touch if you need any more assistance with this or there's something else I can do for you. I've got your back. Have a good day and keep safe.
