Easy Tech TutsHow to Enter a Loan in QuickBooks Online Easily 2026
By Impran M N
Loans affect a business's cash flow and balance sheet directly, so entering them correctly in QuickBooks Online matters for accurate financial tracking. This guide covers setting up the loan account, entering the details, and tracking repayments over time. It's useful for freelancers, small business owners, and finance professionals.
01Set up the loan account
Create a liability account in QuickBooks Online specifically for the loan.
02Enter loan details accurately
Input the loan amount, terms, and start date so the account reflects the actual agreement.
03Track loan repayments
Record each repayment against the loan account to keep the balance current.
04Review for common issues
Check that repayment amounts are split correctly between principal and interest where applicable.
Frequently asked questions
What type of account should a loan be set up as in QuickBooks?
Loans are typically entered as liability accounts since they represent money owed.
How do I record interest on a loan in QuickBooks?
Interest is usually recorded as a separate expense line when you enter each repayment.
Can I see my remaining loan balance at any time?
Yes, the liability account balance updates as you record repayments, giving you a current view of what's owed.
Watch the full walkthrough
The same steps, demonstrated on screen from start to finish.
