Forum Discussion

Rambo's avatar
Rambo
Contributing User
3 years ago

Loan and Repayments

I have one question and I belive it's little tricky.   I have one company call (ABC Ltd) and I owe $200,000 to XYZ Ltd for using their Trading Name. A third person (Mr. X) has been paid this licenc...
ChrisMYOB's avatar
ChrisMYOB
Former Staff
3 years ago

Hello Rambo 

 

Welcome to the Community Forum

 

You can use AccountRight to record the receipt of a loan and to record the repayments. Because there are lots of loan types, interest rates, terms and conditions, you might need help from your accounting advisor to determine the best way to set this up for your loan.


I have attached our Help Article on loans and repayments which will step you through how to set it up within the software. 

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.