"To answer your reply what do you know about a loan out corporation?"

I know that when working over a text-based internet forum, you need to use More Words. "loan out" is too vague and "corporation" is too vague. We don't even know which Country you are in, nor which program you are using.

Here's what I know: if you can map out the accounting requirements for the data flow, you can set up QB to do that, too.

And here is what else I know: Loan activities for the Principal are neither income nor expense for either party. The Repayment process explains why. Income and Expense means something related to Doing Business just happened = Income statement or P&L. Loan Principal explain that Value or Money just happened = assets and liability = Balance Sheet.