QB Issue Resolution:

When adding the limit for the employee’s loan, did you add up the $120 amount to the previous limit you’ve set up? Based on the scenario you’ve provided, the total employee loan amount is $220. If so, the limit should also be in that amount.

 

QuickBooks will automatically stop deducting once the limit is reached. This may be the reason why there’s no amount listed in the Employee Summary.

 

employee loan.PNG

 

Please let me know on how it goes. Should you need other references for future use, you may refer to this link: Payroll for Desktop.

 

Resolution for Issue 'Employee loan deduction' available: Yes (Solved).
Source: Intuit Community forum.

Employee loan deduction: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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