Hi There,
I have been transacting a couple of loans onto my accounts this evening, and one thing I found myself doing was creating an excel spreadsheet to calculate the compounded monthly interest per month/per loan so that I can create a transaction of that amount and post it against “Loan Interest Paid”.
Is there a way that I can set QuickFile up to automatically create a “Loan Interest” transaction on a loan account each month based on a fixed APR?
I’m trying to move away from keeping spreadsheets (which was the reason for moving to this platform) - but I cant seem to find anything in QuickFile which will help me with this particular problem.
Any help you can offer would be greatly appreciated.
Many Thanks,
Damien