Accrued Interest to Loan account
Hi, We have the Directors Loan with accrued Interest. To record to the General Journal with a credit to the loan account and a debit to an expense account ( Loan Interest) My question is: to process the expense account (debit) will be an expense to the Company for the financial year. As we are not in a position to make payment for the accrued interest yet, is there a way not to show it as an expense? can that be located to a different account?? Hope to hear for a response soon. Thank you Kind Regards FranSolved31Views0likes1Comment
Error entering General Journal in web portal with categories turned on
We recently turned on mandatory selection of Categories in our Company file, but we can no longer post General Journals from the web portal as there is no field on the form to select. See error in the attached screenshot. Can you please include the option to select a category in the web version?Solved443Views0likes1Comment