Problem: How to reflect the company's loan and interest on it in the software?
Solution: In order to reflect the company's loan and interest on it in the software, please follow the steps below:
1. Create a Bank Receipt document with the Loan Receipt transaction type. Specify the creditor and the loan amount.
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Put in Debit Financial Expenses and in Credit Current Interest Payable.
Also specify the department, the expense item, the creditor, the contract, and the amount of interest for the entire period.
See also: 7.5.4. Other Expenses
3. Check your actions by generating a report:
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6. Check your actions by generating a report:
Important: the ! The manual is relevant for release 2.1.1.20 and lower.
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# reflect company's loan interest release 20