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
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