How to receive payment on a Lender Loan

Question

I have some Lender Loans.  There used to be a pull down to "receive a loan payment" but now it's not there.  (Quicken Deluxe for Windows).  What is the correct way to receive a payment on a loan you have made?

Cindi Anderson · Answer

Weird, mine is gone.  But when I did the transfer it did mark the payment as made, and split the amount into interest and principal, which it didn't do previously.

UKR · Answer

I just looked in my Q 2020 in a Test file with an existing lender loan.
Clicking the Actions gear icon, I can find an Enter Loan Payment selection.
Alternatively, you can deposit the money received into a Cash or Checking account and categorize it as a transfer to the [name of lender loan account].