🔒 Private beta: Loan Amortization is currently in private beta. If you'd like access, please contact our support team. Only available for Scale tiers (including Scale trials) connected to QBO.
Understanding the Loan Amortization feature
The Loan Amortization feature lets you manage loan schedules directly inside your close. Instead of maintaining amortization spreadsheets and manually booking the principal/interest split each month, Double generates the full schedule for you and posts the journal entries to QuickBooks Online with a click.
With Loan Amortization you can:
Build an amortization schedule from your loan's terms
Post payment journal entries directly to QuickBooks Online
See which payments have already been posted
Update the schedule when payment amounts or interest amounts change
Adding a loan
You can add a new loan directly from the Close page.
When adding a loan, enter the following details:
Lender – select the vendor for the loan
Loan origination date
First payment date
Term (in months)
Payment amount
Loan amount
Annual interest rate
Then connect the related accounts so Double knows where to post:
Interest expense account
Loan payable account
Cash/bank account
Once saved (Create schedule), Double automatically generates the full amortization schedule, showing the principal and interest breakdown for every payment over the life of the loan.
Posting payments to QuickBooks Online
When you're ready to book a payment, click Post Payments (+).
Double posts the journal entries directly to QuickBooks Online.
Posted payments are clearly marked in the schedule, so you can always see what's already in the ledger versus what's upcoming.
You can review the journal entries in Double or click into QuickBooks for full details.
Updating a loan schedule
Made an extra payment? Want to true-up to the bank statement? Double keeps the schedule in sync.
Changing a future payment amount adjusts the principal portion of that payment, and the change ripples through the rest of the schedule.
Changing the interest on a payment adjusts the interest/principal allocation without changing the payment amount.
💡 Note: Edits only affect future, non-posted payments. Payments already posted to QuickBooks are not changed.
Deleting a loan
To remove a loan, Delete the task.
⚠️ Deleting a loan permanently removes the amortization schedule and all future non-posted payments. Journal entries that have already been posted will remain in your ledger.