WHERE DO I PUT THE OPENING BALANCE ON A LOAN SO I CAN TRACK ITS PAYOFF ?

Question:

I would like to add several loans to my payees in Quickooks. Where can I enter the remaining balance when I am setting these accounts up?

Answer:

When you set-up new chart of accounts for Loan under Other Current Liability
(or Long Term Liability), you can also enter the opening balance for loan
account. See attached for screen-shot.