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Change a Loan (or Line of Credit) Amount in Loan Manager

The amount of a loan (or line of credit [LOC]) has changed (for example, the company has been loaned more money, so the amount of the loan has been increased) and the loan is tracked in Loan Manager.

Solution Description
  1. Create a transaction in QuickBooks (not in Loan Manager) that changes the amount of the loan. For example, a journal entry can be created that debits a bank account and credits the loan account, which causes an increase in the loan.
  2. Open Loan Manager.
  3. A message will be displayed, Confirm Loan Information.
  4. Ensure that the next payment date displayed is correct .
  5. Click Edit Loan Details...
  6. Edit the Original Amount of the loan to include the change that was made in step 1.
  7. Adjust the Term, if necessary.
  8. Click Next.
  9. Edit the Payment Amount, if necessary.
  10. Click Next.
  11. Edit the Interest Rate, if necessary.
  12. Click OK.
  13. Click OK, again.
  14. The new balance of the loan will reflect what was entered in QuickBooks, and the loan is setup properly in Loan Manager.


KB ID# HOW13346
4/28/2017 8:30:30 PM
QYPPRDQBKSWS08 9138 Pro 2017 6399eb