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    shadi_g_2000's Avatar
    shadi_g_2000 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 23, 2009, 05:25 PM
    How to record loan in MYOB?
    Hi everyone

    I would like to record $100,000 loan to MYOB and the interest of $3000.
    Anyone has got an idea?

    Cheers
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Jul 23, 2009, 08:37 PM

    Couple of questions. One, did you just need to know how it's recorded, like what the entry is, or specifically how to deal with it in that software?

    And second, the info you're giving isn't specific enough. i.e. Are you making a loan or getting one? Is the loan just now happening? (If so you likely wouldn't be recording interest.) Since there's interest, that makes me think the loan is now being paid? But you haven't said exactly what is happening.
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