.How do I put in a check that was applied to my loan by never went into my checking account?

The check was written out to my company and the bank, so since I had to have the bank sign off on the check I just applied to the loan 

Answer

Hello there, d_hovde10,

Let me help put the check that was applied to your loan into your checking account.

You can manually record the check in QuickBooks Desktop. By doing so, you can track and record the payments.

First, you need to set up a Liability account:

  1. From the Lists menu, select Chart of Accounts.
  2. Right-click anywhere and click New.
  3. Click the Other Accounts Type radio button.
  4. From the drop-down, choose either: 
    Other Current Liability: for short-term loans payable over one year.
    - Long Term Liability: for long-term loans payable over a longer period.
  5. Click Continue.
  6. Enter a name and number for the account.
  7. Click Save & Close.

Second, set up the vendor (Bank/Lending company):

  1. From the Vendors menu, click Vendor Center.
  2. Click New Vendor.
  3. Enter the name of the bank or the company you need to pay for the loan.
  4. (Optional) Enter other vendor details such as phone number and email address.
  5. Click OK.

Lastly, record the loan amount:

  1. From the Banking menu, select Make Deposits.
  2. If the Payments to Deposit window opens, click Cancel.
  3. Select the account where you want to deposit the loan from the Deposit To section.
  4. Check the Date and enter an optional Memo.
  5. In the From Account column, select the Liability account you created in Step 1.
  6. In the Amount column, enter the loan amount.
  7. Click Save & Close.

For the detailed steps and additional screenshots, feel free to read this article: Manually track loans.

You can now record the check into your checking account. Let me know if you need further assistance recording the loan amount. I'll be here whenever you need my help.

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IntuitMaryLand , Community Support Specialist
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