How do I record a loan and its fixed monthly payments? Do I need to indicate interest expense as well?

Hi malika19,

Keeping track of loans is possible with QuickBooks Online and I've got just the article to help you out. It gives you simple step-by-step instructions for recording the loan and its payments so you can make sure your books are balancing correctly. Read the article below to learn how it's done.

• Record a loan and its payments

Step 3 of the article about recording the payment also indicates how to enter the interest expense.

That should get you on your way. I'll be here if you have more questions. :)

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