How do I automate splitting fixed-amount-loan payments between principal and interest in QBO. Interest, Number of payments, loan amount known.

How to automate loan payment split (principal vs. interest) in QuickBooks Online? I’m working in QuickBooks Online (Canada) and I need help recording a large loan properly and managing the ongoing monthly payments. Here’s my situation: 1. Loan Setup • I have a loan from the bank (multi-year, fixed interest rate, regular monthly payments). • I already know the loan amount, the interest rate, the number of payments, and the fixed monthly payment amount. 2. Current Process • Each month, when I make the payment, it needs to be split between: • Principal (which reduces the liability in the Loan Payable account) • Interest expense (which shows up on the P&L). • Right now, I’m manually checking the bank’s amortization schedule, splitting the transaction in QBO, and posting it. 3. What I Want to Do • Ideally, I’d like to automate or simplify this process in QuickBooks Online. • Is there a way to set up a recurring transaction that calculates the changing principal vs. interest portion automatically each month? • Or do I always have to manually calculate the split from the amortization table and update the journal entry before recording it? • What’s the best practice other QBO users are following for this type of loan repayment? Any guidance, tips, or workarounds (including integrations or apps if needed) would be really appreciated!