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When would I add a Loan account?

If you have one or more loans for your business, you should create different Loan accounts for each one. For example, if you have loans to fund for equipment, inventory, or working capital, you should create different Loan accounts to track the principal you owe for each one.

When you create the Loan account, QuickBooks sets the account type to Other Current Liability.

See also

KB ID# H_COA_INFO_ADD_NEW_ACCOUNT_LOAN
12/7/2016 12:37:05 AM
PPRDQSSWS404 9138 Pro 2017 0235a1