What is QuickBooks Loan Manager and How to Setup and Use It?

Devin Smith15 Feb, 2021Business

QuickBooks itself is a very useful software and QuickBooks Loan Manager is its one of the useful tools that allows a user to track payments, loans, and repayments with compounded loan. The tool also allows a user to create installments for any sum, and payment for any additional amount. In short, QuickBooks Loan Manager manages the loans as per the information given on the long-term liability and other current liability accounts. Without any much calculation, the loan manager allows you to get to the Principal amount and interest.