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How do I set up a short term sundry loan account?
Debit cash, credit loan account. This will be repaid in less than 12 months
I’m frustrated
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Inappropriate?Sophie,
We're going to be improving the flexibility of Bank Accounts in the future, but you could just set up an additional standard bank account and call it a Loan Account for now. Adding transactions for the loan amount received and interest paid can be done manually, and repayments can be explained as transfers between accounts.
Would that work?
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