If you have recently got a loan, there is nothing to worry about. You can enter a liability account and enter your loan payment in QuickBooks online. And if, you are required to pay the loan again within the existing year, then you should enter it as “Other Current Asset”. In QBO, you will be able to track loan payments easily and interest for the original balance. Below, we have mentioned the steps to do so. How to enter a loan in QuickBooks? Well, the process to record a loan payment in QuickBooks online is not much difficult. However, we have provided you with all the required steps below to record a loan. Step 1: Firstly, create a liability account to record the items you owe. Step 2: After that, enter the money you received. Step 3: Finally, you need to enter the loan payment. In Conclusion Finally, you have got all the required information about “how to set up a loan in QuickBooks”. If not so, you can dial our toll-free QuickBooks Error Support Phone Number 1-888-412-7852 to get instant help regarding entering a loan in QBO.