Topic: Bank Loans
I have read over as much as I can find and cannot find an answer on how to handle loan payments and interest I have a loan set up as a bank account and with it's own account under Long Term Liabilitys.
I see that the loan is visible in the account transfers now, so I assume I can make payments that way.
However can someone tell em how I will post the Interest Charges from the bank to the loan?
Thanks in advance for all your help!!