Forum Discussion

Experienced Cover User

6 years ago

Solved

Loans

Hi. I am a long time MYOB user, but first time Poster! Hope someone may be able to assist me. I have loaned an amount of money to one of my Customers. (Transferred the money from my main bank accoun...

DuncanS
6 years ago
hkjohn Kimberley

Further to Kimberley's comment, the account would be a Current Liability as you say the loan would be repaid within 12 months.

You may like to add more more information to the loan account eg $400/m and/or to October 2020.

Duncan

Experienced Cover User

6 years ago

Thanks so much Kimberley - Thats perfect.

Ultimate Partner

6 years ago

hkjohn Kimberley

Further to Kimberley's comment, the account would be a Current Liability as you say the loan would be repaid within 12 months.

You may like to add more more information to the loan account eg $400/m and/or to October 2020.

Duncan

hkjohn
Experienced Cover User
6 years ago
Thanks Duncan - will do

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