Loan

Hi Paul29,

Thanks for posting. For an accurate answer here, it’s best to check with your accountant or tax adviser so they can confirm how the loan and repayments should be treated in your books. 

You can also visit this help articles for more information about: Loans and repayments   

Regards,
Earl

Paul29​ Earl_HD​ 

Paul,

The Loan made would be a Asset in the Balance Sheet eg Loan to XYZ Company

If the Loan is to be repaid by the Borrower within 12 months, record as a Current Asset.

You may include the repayment amount and number of months in the Account Name.

It may be that you print out the Loan Account for the Borrower on a regular basis.

Duncan