QB Issue Resolution:

Interest on a loan you are paying is typically calculated each month based upon the number of days between payment receipt and the principal balance owed, that is interest expense to you

to get the total interest on the loan, assuming you only make minimum payments, is called an amortization schedule. Ask your loan company for one, or google the net for one and fill in the blocks concerning the loan.

QB does not do amortization schedules

Resolution for Issue 'I would like to track the interest accrued on my small business loan (long-term liability). This interest does not hit any bank account, I simply want to track to have an accurate reflection of what I owe. How do I do this without creating an expense?' available: Yes (Solved).
Source: Intuit Community forum.

I would like to track the interest accrued on my small business loan (long-term liability). This interest does not hit any bank account, I simply want to track to have an accurate reflection of what I owe. How do I do this without creating an expense?: 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.

Support for amortization schedules
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Error Recovery for amortization schedules [Canada]
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