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Re: 0% loan set up as bill

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June 05, 2018 01:02PM
When creating a new loan - it does not require a loan percentage. We do not calculate any interest. Sorry I am not understanding the problem. When creating a loan the Loan Details button is optional, it does not need to be used, that section is just for information only.

When making an Equipment down payment I would use the Other Asset button and create an account called Equipment Holding. Enter the dollar amount for the down payment portion. Leave the offset to NONE. Click OK. Then in another transaction you can purchase the equipment for the complete cost - amount financed plus the down payment. Then from the same Items purchased click the Other Asset button and select this account for Equipment holding and enter a negative amount for same balance to make the ending balance zero. Click OK. Then should leave the balance left to setup a new loan from the How you paid section. Remember, the details button is optional and does not need to be used since interest is zero.

Hope this makes sense.



Kathy Cline,
Trimble Ag Software Support
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0% loan set up as bill

Earl WJune 03, 2018 11:16AM

Re: 0% loan set up as bill

Kathy ClineJune 05, 2018 01:02PM

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