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Problem: How to reflect the company's loan and interest on it in the software?
Solution:
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Use payment documents and Other Expenses as shown.
1. Create a Bank Receipt document with the Loan Receipt transaction type. Specify the creditor and the loan amount.
See also: 6.2.1.5. Bank Receipts (Loan Received)
2. Calculate the interest for the loan.
Create a document "Other expenses" Expenses to reflect the accrual of interest.
Put in Debit Financial Expenses - Credit 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. :
4. To pay for the loan, create a document Bank receipt with the type of Loan Payment transaction. :
On the 2nd tab, specify the loan document and the amount you will pay. :
5. To pay interest, create document Bank Payment with the transaction type Other. :
Specify the account - Current Interest Payable, the creditor and the contract. :
6. Check your actions by generating a report. :
Thanks
Important! The manual is relevant for release 2.1.1.20 and lower.
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# reflect company's loan interest release 20