Forum Discussion

Member

13 days ago

Loan

Hi, Our business lent another business a loan of money. How do i enter this in MYOB and enter the repayments of that loan? Thanks

Ultimate Partner

9 days ago

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

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