When you no longer want to track a loan, you can remove it from the Loan
Manager at any time. Removing a loan from the Loan Manager will not affect your
QuickBooks data for the loan.
What if I need to remove
the liability account for the loan?
Go to the Banking menu and click Loan Manager.
In the Loan Manager window, click on Loan List, and then select the loan to be removed from the Loan Manager.
Click Remove Loan.
Click Yes to remove the loan.