How to Record a Loan with a Down Payment in QuickBooks Online - Apply Down Payment to Asset

[@1MW07F]

Thank you so much for this video. More power to you and more videos to come 🙌🏼🙏🏼😊

[@GentleFrog]

You're welcome! There's definitely more videos to come. If you ever have idea for a video, drop them in the comments.

[@proaccounting2023]

great job. Thank you for sharing this amazing tutorial.

[@GentleFrog]

You're welcome! I'm so glad you like it.

[@ilianamata5897]

Your videos have been really helpful with me adding my equipment loans to qbo can you make a video about adding a loan from previous years to a new subscription of QuickBooks we were using a different program and I'm not sure how to add it do I do separate journal entries? With opening balances? Thank you!

[@GentleFrog]

You need to start a new file based on the trial balance of the old file. I'll work on videos for this but it will be a while before they're released. If you need help ASAP you can book a 30-minute meeting and I can show you how to do it: www.gentlefrog.com/meeting

[@user-jb5mv1tk7u]

How do you handle loan fees applied directly to the loan?

[@GentleFrog]

It increases the loan. In other words it it's from the purchase of a "thing" then increase the asset value of the "thing."