QB Issue Resolution:
I did use the bank feed to download transactions as you indicated. If being able to run a balance sheet report mid month is important to me, my best option would be to manual enter the starting balance of the loan and write a recurring JE to accrue interest each month, is that correct?
If it’s only downloading a few transactions to Credit Card Type every month, I would disconnect bank feed and manually enter transactions when needed. If you’re making payments, it will show up on your Checking account Banking > For Review tab. I would just select Category to “Long-Term Liability” account or to the appropriate account. You can even split accounts if needed, just click the “Detail” button of the banking transaction. You can also create Bank Rules from the downloaded transaction if that helps.
Resolution for Issue 'Importing a loan balance from a providers website. I’m only able to put in credit cards category on balance sheet. How can I move it to long term liabilities?' available: Yes (Solved).
Source: Intuit Community forum.
Importing a loan balance from a providers website. I’m only able to put in credit cards category on balance sheet. How can I move it to long term liabilities?: 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 Bank Feed
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