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welcome to this quickbooks 2019 tutorial for beginners my name is Matt hull quest with QuickBooks University and I want to walk through how to correctly record the payment on a loan ok so I see this quite a bit with QuickBooks users and business owners as well as bookkeepers ok theres a couple of different ways that theyre gonna record payments on a loan and we want to make sure that we split these up and do in the right way ok so lets go ahead and get started here on the screen so were going to make some assumptions here were gonna assume that we have a loan and Im gonna pull up the balance sheet this sample company file and Ill show you so we have some see here we have loans for vehicles utility truck pickup truck etc ok so these have all been recorded already all right now there is a certain way to record the purchase of a vehicle or construction equipment for insurance fixtures when it is financed I do have other videos on this topic so Im not gonna go through how were go