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Interest to pay

Sage 50 general help forum - Free help and support for all general issues
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Smith
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Joined: 16 Jul 2008, 15:24

Interest to pay

Post by Smith » 16 Jul 2008, 15:29

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
Smith
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brucedenney
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Joined: 28 Feb 2006, 09:56
Sage Version: v30 UK/Europe/Africa

Post by brucedenney » 18 Jul 2008, 15:38

A journal between an interest account down near bank interest and the loan account up in the balance sheet.
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