How do you record a business loan taken out by the company?

Question asked by Louise Wright 11 years ago

Hope someone can help as have been unable to find it in the help files or forums. I need to know how to record a loan taken out by the business, I am at the start of the 30 day trial so any help would be appreciated.

Thanks in advance

:-)

3 Replies

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John Fouracre

Staff

1749 entries

Hi Louise,

Probably the easiest way to do this is to create a Loan account on the Money > Bank accounts menu (add a new account and select Loan as the type). You can then transfer the loan amount received from the Loan account to your business account.

http://www.clearbooks.co.uk/support/guides/mangemoney/how-to-transfer-money-from-one-bank-account-to-another/

11 years ago

Stuart Holyman

17 entries

Hi Louise

If you look at 'Settings- Getting started' this is where the info shows.
When i started i created an account in 'Money-Bank accounts' eg Louise personal, and show it as money in!
This will then show as a credit till you create a purchase!
After 3 years i'm still learning but hope it helps!

Enjoy and good luck

Stu

11 years ago

Louise Wright

8 entries

Thanks John and Stu :-)

11 years ago

How do you record a business loan taken out by the company?

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