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Create a Liability Account
To record a business loan in Quickbooks, you’ll need to create a liability account.
Create a Journal Entry
After creating a liability account for the business loan, you’ll need to create a journal entry. What’s the purpose of a journal entry? It will update your Quickbooks account with the new money. A loan is money. When you receive a loan, you’ll have to deposit it in one of your business’s bank accounts, which requires the use of a journal entry.
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