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slkelly71's avatar
slkelly71
3 days ago

set up third party loan

Loaning money to third party how to set up and record payments received  Thank you
Doreen_P's avatar
Doreen_P
MYOB Moderator
2 days ago

Hey slkelly71,

 

To set up and record loan payments received, follow these steps:

 

  • Create a liability category for the loan.
  • Record the loan receipt when funds are received.
  • Log the loan repayments.

 

For detailed information, check out this link.

 

Cheers,

Doreen

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