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How to add Loan amount

Projjal K Roy   ( User )

Commented 5 years ago

Hello, 


I'm new to use the Akaunting software. I used the gnucash for my business. Now I want to know how & where can I add the loans amount I have taken from investors, where can I add the account payable, accounts receivable, current assets. Options??

Denis Dulici   ( Admin )

Commented 5 years ago

Hello Projjal,


Such features are available in the Double-Entry app:


https://akaunting.com/apps/double-entry


Regards

James Donald   ( User )

Commented 1 year ago

Hey There,
To add the loans you have taken from investors, you can create a new liability account under "Chart of Accounts" and name it "Investor Loans". For account payable, you can create a new liability account and name it "Accounts Payable". Similarly, for accounts receivable, you can create a new asset account and name it "Accounts Receivable". To add current assets, you can create a new asset account and name it "Current Assets". You can access these options under "Settings" and then "Chart of Accounts". Hope this helps!

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