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I have got a interest free loan from a sponsor. Part of the repayments instead of sponsorship is reduced repayments how do i show this in quickbooks

 
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Highlighted
Level 1

I have got a interest free loan from a sponsor. Part of the repayments instead of sponsorship is reduced repayments how do i show this in quickbooks

Hi besogrant,

 

The best (and easiest) way to record this would be to record the loan payment amounts at the reduced rate, but in the Description of the line item/transaction, specify that it is reduced from the original amount by __% rate. 

 

Bonny