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.