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Re: loan interest report

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November 09, 2015 10:15AM
Just so I am understanding, you have given the loan and receiving the interest,(based upon your comment - "The loan is due me"), correct? The only loan report we provide is when the loan is a liability to you, not an Asset. So my recommendation, would be to create a Revenue account called (Interest Earned - person's name). When you receive the loan payment plus interest you will reduce the asset account showing the principal balance payment only, and post the interest portion of this deposit to this Interest Earned - (persons name). Click OK. Setup the deposit. Click Record and Done.

Then you can print a GL report showing this interest. Go to Accounting - GL-Cash Reports - GL Detail Report. Enter correct accounting date range for the report. From the right, check the box for the Revenue account called Interest earned - (person's name). Click Print. This will give you the details of each payment for interest earned and the Total for the date range.

Hope this helps!

Thanks,

Kathy Cline,
Farm Works Software
SubjectAuthorPosted

loan interest report

Earl WNovember 07, 2015 08:36PM

Re: loan interest report

KathyClineNovember 09, 2015 10:15AM



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