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

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emilee
Level 3

Using a loan to pay a bill

We received a business loan and it was entered in QBO as a long term liability. A bill was paid. We want to indicate in the accounting that the paid bill was from the loan. How do I decrease the loan without interrupting the bank feed for the payment made?

Example: If we just accept the bank feed = decrease to bank account, increase to accounts payable.

How do we decrease long term liability?

I hope that makes sense. Thanks!

 

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