Forum Discussion

hkjohn's avatar
hkjohn
Experienced Cover User
5 years ago

Loans

Hi. I am a long time MYOB user, but first time Poster! Hope someone may be able to assist me. I have loaned an amount of money to one of my Customers. (Transferred the money from my main bank accoun...
  • DuncanS's avatar
    DuncanS
    5 years ago

    hkjohn Kimberley 

     

    Further to Kimberley's comment, the account would be a Current Liability as you say the loan would be repaid within 12 months.

     

    You may like to add more more information to the loan account eg $400/m and/or to October 2020.

     

    Duncan