slkelly71Member1 year agoset up third party loan Loaning money to third party how to set up and record payments received Thank you
DuncanSUltimate Partner1 year agoslkelly71Doreen_P I understand the Entity is lending money to a 3rd Party.This would be an Asset. A Current Asset if the term of the Loan is less than 12 months.Interest may be charged.Suggest sending a Statement (say every 6 months). Duncan
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