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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.