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Updated over 12 years ago,
How do i record a loan payment in Quickbooks?
As a note holder, when I receive a note payment from my loan servicing company it is net the borrowers loan payment minus the loan servicing fee. How do I record this in Quickbooks?
Example, the loan payment is $100/mo, the servicing company keeps $10, I get $90. Currently, I have an invoice with a $100 interest income item and a $10 loan servicing expense item, I show the $10 as a negative number so it adds up to $90, but this doesn’t seem to work right.
Thanks,
David