How to Setup QuickBooks Desktop Loan Manager?

by Levin Smith Microsoft Certified Technician

Read the post to learn the process to setup QuickBooks desktop loan manager. QuickBooks loan manager is a tool for the companies to keep a track of the unpaid loans and change the instalments, if any of them are missed out. It diversifies the entire loan amount into interest and principle, helping in the timely load repayment, also it permits the user to add or remove the loans that needs to be tracked, along with that the repayment schedules of the loads can be viewed through this tool. This post contains the steps to be performed for setting up QuickBooks desktop loan manager. In case the user is interested, then reading the post till the end is suggested. However, for any query, the user can get in touch with our QuickBooks Support team using our toll-free 1-844-405-0906. Our experts will immediately resolve the issue.

Steps to set up loan manager

The user can perform the below set of steps to set up loan manager. Let us have a look:

Step 1: Set up the accounts for QuickBooks loan manager

· Setting up a liability, vendor, and expense account

· Set up an escrow account

Step 2: After that record and track your loans

· The user needs to move to banking menu and select loan manager

· And select add a loan

· The next step is to enter the account information for the loan

· The use should also select next

· After that enter the payment information for the loan

· The user should click on next

· And enter the interest info for the loan

· Hit finish after performing the steps mentioned in above

Step 3: The very next step is to assess the loan with what if scenarios too

· At first, the user should navigate to the banking menu and choose the loan manager

· And also choose what if scenarios

· In the choose a scenario dropdown, choose a loan scenario

· In the choose a loan dropdown, and then go for the loan account you want to evaluate

· The user will then have to fill out the fields as needed and then select calculate

· By the end of the process, the user should select print to print the results

The steps above might be of great assistance in setting up QuickBooks loan manager successfully. However, if for some reason, the user isn’t able to perform the steps or if the user is stuck at any point of time, then contacting our QuickBooks Pro Support team at 1-844-405-0906, and our experts will ensure to provide the user with immediate assistance.

Also Visit: Fix QuickBooks Error Code 1601 | QuickBooks Desktop Pro Most Common Error