How do I record interest on a loan account? Do I just add it in as a bill and put it towards bank fees?
How do I record interest on a loan account? Do I just add it in as a bill and put it towards bank fees?
1 answer
Hi,
Just use our workflow for loans.
Money In > Add Loan / Grant the workflow will handle all the accounting logic.
Thanks
Pete
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kierala
November 15, 2016
Thank you for your help and very fast reply -
Peter Connor
November 15, 2016
Cool. That's the idea. Keep you working and spending less time on accounts.