Hi, Please can you help me. In the past we had money paid to the company as a loan 1 from a director one from another company. I am making the payments back but they are wanting interest on these payments. PLease can you tell me how I put this interest payment onto Sage.
I have been paying without interest and just been told interest should be calculated on it. So could do with some help, please
Thanks
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Need integration?
- - - - - - - - - - - - - - - - - - with your shipping system - website - invoicing system - crm - cms - manufacturing - order import - back to back orders..
Need a report?
- - - - - - - - - - - - - - - - - - Excel reporting that pulls data from Sage - custom layouts - layouts that change adapt to your brands and/or for drop shipping.
Want web hosting?
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Interest to pay
- brucedenney
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- Posts: 4664
- Joined: 28 Feb 2006, 09:56
- Sage Version: v30 UK/Europe/Africa
A journal between an interest account down near bank interest and the loan account up in the balance sheet.
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