To Record the Monthly Loan Repayment

 

1.   From the Bank Accounts toolbar, click Recurring.

2.   To add a recurring entry, click Add.

The Add/Edit Recurring Entry window appears.

3.   In the boxes provided, enter the monthly loan repayment information:

4.   To accept your entries, click Save. To exit without saving, click Close.

You have set up a recurring entry for your monthly HP charges. You should now process this recurring entry each month.

You can enter the following information:

Trans type

Net amount

Bank A/C

Tax code

Nominal code

Tax

Day to post

 

Your next step...

To Record the Monthly Hire Purchase Interest Charges

Related Topics

Preparing to Post your Hire Purchase Journals

To Record the Hire Purchase Agreement

Recurring Entries

To Add a Recurring Entry