The confusion ends here, @LNB.

Allow me to fill you in on everything you need to know about how loan balance is reported in QuickBooks.

A Profit and Loss report will not show a loan balance, most likely, payments of non-expense items from cash flow like liability reductions any more than borrowing the money in the first place would show as income. Since a loan balance is considered as a liability receipt, it'll appear on the Balance Sheet or Statement of Cash Flow reports.

To learn more about the Balance Sheet report, feel free to read this article: What is a Balance Sheet report?

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