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trinityluke
Level 1

How do I record a bank deposit made for loan on a vehicle that was purchased with family members money then repaid with the bank deposit?

 
1 Comment 1
Kristine Mae
Moderator

How do I record a bank deposit made for loan on a vehicle that was purchased with family members money then repaid with the bank deposit?

Hey there, trinityluke.

 

When you create the deposit, use the loan account. Here's how:

  1. Click the Plus sign (+) icon.
  2. Choose Bank Deposit.
  3. Under Add funds to this deposit, choose the loan account, then add the amount.
  4. Click Save and close.

As always, I suggest checking with your accountant on the best way to handle this. 

 

If you need more help, I'm just around. 

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