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jking1114
Level 1

Early Loan payoff leaves a balance on QB's account

Hi! My company paid off a loan early which meant we saved over $59K in interest. However, when I put in the final payment, it leaves that $59K as a balance on that loan in my long term liabilities account for that loan. How should I get that account to zero? Putting it to the 'other income' or 'loan interest' account doesn't seem appropriate to me...is there a more specific account or better way to clear that out? Thanks in advance!