Other questions
Thanks for joining us here today, @Hector12.
I'll help share the steps on how you can record a loan for an asset in QuickBooks. It's a good start that you've created a long term-liability account and the asset account. This way, you can easily keep track of your loan transaction.
You'll want to double-check the journal entry you've created. Make sure you've applied the loan to the proper accounts. Enter the loan amount you're applying to the liability account under the Credit column, and the asset account on the Debit column.
Here's how it should look like.
When you're ready to record the payment, just create a check and use the liability account from the Category drop-down. For more information about the process, check out these articles below.
With the above recommendation, you're able to keep track your loan accordingly.
In case you need help with other QuickBooks-related tasks, feel free to browse this link. It has our general topics with articles: View all help for QuickBooks Online.
Drop a reply anytime if you have follow-up questions or concerns with loan transactions. I'm more than happy to answer them for you. Take care and have a great day ahead.
