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Everything you need to know about connecting your bank and credit cards in QuickBooks Online

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cezer2000
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How do you record a small loan given to someone and also record the payment when received?

Example:

I give someone a $2,000.00 loan and they pay me back without interest. How would I record this so that the payment does not show like I am receiving $2,000.00 in deposit income?

 

Also, if I loan someone $12,000.00 and they pay me back $12,500.00. How would I record this transaction?  

 

Both of these scenarios are a straight loan I did not make invoices because there was no work done. So I figured I did not have to make an invoice.

Can someone please help me as this is so confusing. Thank you

 

 

 

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