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QuickBooks Tips Blog

QuickBooks: How To Book a Car, Bank Loan, or Line of Credit

Posted by Alex Viau on Dec 6, 2013 6:00:00 AM

Most businesses at some point during their operations will take a loan from a bank or
personal financier to help purchase equipment, consolidate debt, or use a line of credit to help meet the cash flow needs of the business. Booking the subsequent loan into QuickBooks isn’t a blanket entry for every situation. Depending on the kind of loan and what it was used for different account types in QuickBooks will be used. First, we’ll go over the different loan types then talk about how these loans are paid down.

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Topics: QuickBooks Tips, QuickBooks Loan, QuickBooks Car Loan, QuickBooks LOC