Add interest on asset loan
Note: Interest charged on Asset Loans must be calculated off-line.
To enter Interest Income charged on an Asset Loan:
- Select the INCOME tab
- Select the Account that owns the Asset Loan
- Select the Asset from the drop-down list
In the Income Type field, Interest will be selected by default. Accept this selection.
Enter the Date and the Amount of Interest charged
Type a Description
Click the SAVE INCOME button, or SAVE AND ADD ANOTHER if you have further interest to add.