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Hello there, ccc1.

 

Thanks for pointing that out. Allow me to share some information about recording Long Term Liabilities to a Family Member in QuickBooks Online.

 

You can issue a multi-purpose loan to your customer. Let's first create an account to track the loan and its payment.

  1. Go to the Gear icon.
  2. Click Chart of Accounts.
  3. From the upper left, select New.
  4. Set the Account Type to either Other Current Assets or Current Assets.
  5. Choose Loans to Others in the Detail Type drop-down.
  6. Add a name for the loan.
  7. Select Save and close without entering an opening balance.

Once done you can issue a check for the loan. I'd be glad to show you how below:

  1. Click the Plus icon (+).
  2. Click Checks.
  3. Select the account used to fund the loan (Example: Checking or Money Market) for Bank Account.
  4. Choose the account used to track the loan as the off setting account.
  5. Enter the amount.
  6. Select Save and close.

Now you're ready to record customer payments. To do this, you can create a recurring invoice for your customer for monthly payments.

 

To know more about tracking customer loans, here's an article that you can refer to: Track customer loans.

 

Fill me in if you have follow-up questions about this. I'd be happy to clear things up for you. 

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