Using the QuickBooks Loan Manager

QuickBooks Loan Manager makes entering loan payments a simple process. Enter basic information about your loan, including the starting date, interest rate, number of payments you will make, and amount you will pay; QuickBooks takes care of calculating how much of each payment is principal and interest. When it's time to make a payment, open the Loan Manager and click the Set Up Payment button to initiate a payment with the interest and principal recorded correctly.

Select Loan Manager from the Banking menu.

Click the Add A Loan button.