In this QuickBooks tutorial, you'll learn how to add an equipment loan to QuickBooks Online.

I'll show you how to create a Fixed Asset account and Long Term Liability account for your loan. How to a journal entry to the register to add the loan and what it looks like on the Balance Sheet.

In the next video, I'll show you how to record payments for that loan.

Read the blog version with stepbystep instructions and screenshots at: https://www.gentlefrog.com/howtoadd...

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Timestamps
00:00 Intro
00:18 What's needed in QBO to add an equipment loan
00:57 Creating a Fixed Asset account
02:17 Creating a Long Term Liability account
03:31 Creating a Journal Entry for your loan
06:10 Viewing your loan on the Balance Sheet
06:44 Outtro

#quickbooksonline #bookkeeping

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