Same Problem.
Fist off, I am a QuickBooks noob. I use QuickBooks online and bought a vehicle for my business. I put down a down payment, and then financed the rest. I made a long-term liability for the loan, but did not add any journal entries in the register yet so it says $0.00. I created a Fixed Asset and recorded my down payment since I paid it with my business account that is linked to QuickBooks. So the Asset Register shows the down payment in the journal entries, with the dollar amount showing up under “increase” column.
I used the QuickBooks help chat and it was a long and wild ride but the person or bot helping me walkthrough how to add a loan never figured it out…just kinda had me go round and round and then responded with lots of “hmm…”s.
My question is (I think), how do I add the loan to the asset and then can track each loan payment?
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