The RIGHT Way to Record Loan Payments in QuickBooks (Avoid Missing Interest Deductions)

Still categorizing your loan payments wrong in QuickBooks? In this video, I show you exactly how to split a loan payment from your bank feed into principal vs. interest—the right way. This is one of the most common bookkeeping mistakes, and it can completely throw off your financials if done incorrectly. 🧐 Afraid you'll make mistakes in QuickBooks? Let me be your bookkeeper! Find out more here: https://www.profit-logic.com You’ll learn: How to break down a loan payment step-by-step Where principal vs. interest actually go in QuickBooks How to keep your balance sheet and P&L accurate If you’ve ever just clicked “expense” and moved on… this will fix that. Clean books. Accurate reports. And no missed deductions at tax time! Watch this before you categorize another loan payment.