Getting a Loan
Getting a loan is the hard part. After you get the money, recording it in QuickBooks is easy. All you do is record a journal entry that increases cash and that recognizes the new loan liability. For example, if you get a $5,000 loan, you might record the following journal entry:
You’ll already have a cash account set up, but you may need to set up a new liability account to track the loan.
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