I have the same question but it the answers dont help at all. Setting up the loan accurately is not the problem but recording the payments. The loan repayments are automatically taken out of our daily sales that are deposited into our checking. We dont get a separate deduction for the payment. For example, if we had $868 in paypal sales for a day, we would get 25% less (or whatever the repayment is) deposited into our checking. So there is no accounting option in Quickbooks to keep track of this. However, I was thinking that perhaps at the end of each year during the life of the loan, we could just enter a journal entry for the total amount paid back to the loan, instead of trying to keep track of each payment deducted from our daily sales.  · I continue to be disappointed in Quickbooks customer service and help. I used to pay for the quickbooks accounting service but Quickbooks hires people who are very young in accounting and dont have an understanding of paypal sales. They totally screwed up my accounting and I have had to spend countless hours redoing everything they did to fix the issues.  · Let me just state to everyone out there who uses paypal in their daily sales that Quickbooks does NOT track this well. Their staff tries to set up a separate line item for each paypal fee per transaction. It was a total nightmare to try and fix. I would instantly quit using Quickbooks if there was a easy way to slide into a new program that can do my accounting and payroll,. It has been an extremely frustrating year with QB and I would NOT recommend this program to any other business owner. I would tell them to start first with another accounting program.

Just be careful because PayPal only allows you to have one account. If you "sent" the money to yourself on your other account I wouldn't count on that working more than once. If they shut down or freeze your account they can lock the money up for a long time too