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Chinnie

How do you record a loan to reflect on balance sheet

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Unfortunately, the program doesn't have the option to show the Loan to reflect it on the balance sheet.  The balance sheet is going to provide you only the payments so the option is not available. NCH Software formally takes suggestions or feedback about our products through the form at http://www.nch.com.au/suggestions/

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On 8/20/2019 at 3:29 AM, Chinnie said:

Pls how do you record a loan so it reflects on your balance sheet as a liability 

 

Thanks

 

Set up an accounts payable/loan account and then use the general journal to make the posting.  Debit Bank account and credit the accounts payable/loan account, hit enter and voila

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