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KMcGee
Level 1

For a small trucking company, what category do I use for loan payments on our tractors and trailers?

 
1 Comment 1
john-pero
Community Champion

For a small trucking company, what category do I use for loan payments on our tractors and trailers?

Two categories. Principal on the loan, and  Interest Expense. Every or almost every loan payment consists of these two parts. The loan or loans should already be on your books as long term liabilities from when you purchased

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