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Re: Setting up a Loan

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April 13, 2010 09:12AM
Here are the steps to handle.

1. Go to the Record Income or Sales.
2. Select the correct purchaser-date and description.
3. Click on the Loan Rec. button. Select or create the new loan account. Enter the amount received as 10200.00 example. Click OK.
4. Click on the Other Sales and Expense Reduction button.Enter a neg. $200.00, change account to Expense and highlight the correct expense account for the fees. Click OK.
5. You will be left with the correct balance to deposit.

Hope this helps!

Thanks,

Kathy Cline,
Farm Works Software
SubjectAuthorPosted

Setting up a Loan

DaleApril 09, 2010 03:43PM

Re: Setting up a Loan

KathyClineApril 09, 2010 03:52PM

Re: Setting up a Loan

DaleApril 12, 2010 04:51PM

Re: Setting up a Loan

KathyClineApril 13, 2010 09:12AM



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