I am unable to follow the steps in this QuickbooksHelp post: "Set up a loan in QuickBooks Online" on how to book a small loan.
That's because my QB Online Pro does not have the option to do any of these items:
3. From the Account Type ▼ dropdown, select Non-current Liabilities. Note: If you plan to pay off the loan by the end of the current financial year, select Current Liabilities instead.
4. From the Detail Type ▼ dropdown, select Notes Payable (or Loan Payable).
5. Give the account a relevant name, like "Loan for a car" or "Covid-19 relief loan."
6. Choose when you want to start tracking your finances. In the Balance field, enter the amount in the account, and determine the as of date. Enter today's date if you want to start tracking immediately.
7. Select Save and close.
I am not given the 'Account Type' option. All I see is a blank 'Category Name *' field followed by one 'Create category under *' and a link to 'Select category' where I am not shown any options mentioned above.
Any help appreciated.
