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Another Quickbooks question

Discussion in 'Business Operations' started by ksland, Dec 29, 2002.

  1. ksland

    ksland LawnSite Senior Member
    Posts: 927

    When creating a long-term liability account in QB for my dump truck payment, am I correct in making a check when paying a payment and assigning it to the expense account for the truck (amount of payment that goes towards the principal), and also an interest account for the amount of the payment that is interest? Is that all there is to it? Also with an APR on that does the amount vary that goes to the principal each month, year or never?

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