topic Long Term Loan in Business & farm

Long Term Loan

marinel_98 — Mon, 23 Feb 2026 09:44:22 GMT

I have a long term loan which I classified as long term liabilities in quickbooks. But when I open my balance sheet for 2022 it wants to include the loan as additional cash in my account, but it was included in my opening balance for when I setup the quickbooks. So it is messing up my balance sheet and wants to add an additional $150k cash on hand which isn't there anymore. How do I fix this?

I classified it as:

Loan credit $150k

bank account debit $150K

Re: Long Term Loan

Mike9241 — Mon, 30 Jan 2023 18:05:30 GMT

this is an income tax forum you need the QB forum. log into your QB account and then support.

Re: Long Term Loan

MichelleLO — Tue, 31 Jan 2023 17:01:04 GMT

Please see the link below to contact QuickBooks Customer Support.

Quickbooks Contact Us