Hi, just wondering if anyone can help,
I have followed the steps in setting up a loan ‘bank account’ as in the instructions on this site. And all is well until i allocate the interest as ‘loan interest paid’. Now i have a negative balance on the account.
The repayments from main current account brought down the total to zero, but obviously i paid back more than i borrowed. Should I just add the difference in the opening balance???
Does this make any sense. Ps. By no means am i an accountant…ha ha