You won’t use Loan Manager; that is an Amortization tool and someone else will be Amortizing your loan for you. No two program calculate the same.

Your Opening Balance is not entered. The Proceeds, if deposited to checking is the Entry that posts to Loan = puts in the balance. Just […]

Resolution for 'Amortization tool issue: 'How do I enter a loan in Quickbooks with fixed interest rate?' available: Yes.

The Amortization tool 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 Amortization tool issue yourself by looking for a resolution described in the article. If it is a complex Amortization tool issue or you are unable to solve the issue, you may contact us by clicking here or by using other Amortization tool support options.

For more information about resolving issues related to Amortization tool in Quickbooks/QBO or to get support for the issue 'How do I enter a loan in Quickbooks with fixed interest rate?', click the link below: