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Thanks for reaching out to us, sales226.
The first thing we need to do is to set up a liability account where we'll track the loan. Let me show you how:
In addition, and determine the as of date. You'll want to enter today's date if you want to start tracking immediately.
Once done, create a journal entry to put all the loan money into the bank. Then, you can create a cheque to record the repayment. You can check the detailed steps here: Set up a loan in QuickBooks Online.
Keep your posts coming if you need more help. Take care!
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