How to break down loan payments

[@Barbara-bz3ky]

How do I record a truck payment interest paid from the beginning of the year?

[@mishowlermoses5579]

what it its just a small personal loan how do you record payments

[@jodibecker5877]

Set up loans in chart of accounts and now the amount of the loan is added to my checkbook balance - this is making my check book balance incorrect and showing that I have way more money in my checking account. What am I doing wrong and how can I fix this so my checkbook balance is correct?

[@CandusKampfer]

Hi Jodi, Thank you for watching our video. If you're interested in more in-depth training on this topic, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus

[@user-jy4fx3vu7n]

Do I need an interest account for all of my loans ?

[@CandusKampfer]

Hi, No, you can share one interest expense account for all of your loans. Depending on how you want to see it on your P&L. Have a great day, Samantha Team Candus

[@gweed9094]

We just created loans from ourselves to the company, and we agreed to only pay ourselves interest each quarter for # years. Am I understanding that the quarterly interest payments can be set up as one expense loan interest account for the total each quarter versus doing each loan separate?@@CandusKampfer

[@heidiespinosa1419]

I need some assistance. I don’t do social media only view you tube. Can I email you ?

[@CandusKampfer]

Hi, You can email us at [e-mail] 😊 Have a great day, - Sam, Team Candus