I'm here to help you track your loan account, harriscal17.
Good job that you've set up your Long Term Liability Loan account. Now that you have a liability account for the loan, here’s how to record the loan amount.
- From the Banking menu, select Make Deposits.
- In the Payments to Deposit window, select Cancel.
- From the Make Deposits select the account to deposit the loan into in the Deposit To field.
- Select the liability account you created in the From Account column.
- Enter the loan amount.
- Click Save.
For more details in tracking and recording your loan you can check out this article: Manually track loans in QuickBooks Desktop . Just drill down until you reach the steps for QuickBooks Desktop for Mac.
Get back to me if you have other questions. Take care!
