Making a loan

Accounting
1

I can see how to set up a loan which I receive but not how I should proceed to make a loan to another entity so If someone could point me at relevant documentation or let me know how, that would be appreciated.

2

Hello @Craigton

Here is the How to guide for you.

3

Thanks but this seems to refer to a loan I receive rather than one I make

Jim

4

Create other debtors accounts, call is loan out to say abc ltd, tag bank payment (loan amount to this a/c), any money received from company you gave money to, tag it to this a/c as well. End of the year you can do one journal to record interest income as follows
Dr this new loan a/c
Cr Interest Income

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5

Excellent, thanks for this

6

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