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cnp7163
Level 1

How do I enter and pay interest charge for Line of Credit?

 
2 Comments 2
qbteachmt
Level 15

How do I enter and pay interest charge for Line of Credit?

Write Check; enter Splits for anything you are paying now:

Line of Credit <== principal here

Interest expense <== second line

= Total you paid

Please see my attachment.

Kristine Mae
Moderator

How do I enter and pay interest charge for Line of Credit?

Hello there, Cnp7163.

 

You can write a check to record the interest charge.

 

Follow these easy steps:

  1. Click the Banking menu.
  2. Choose Write Checks.
  3. Fill in the necessary fields, then assign the expense account.
  4. Click Save & Close.

Reach out to us if you have other concerns. We'd be happy to work with you again. 

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