How do I set up a loan that never passed through my bank account?
GenuineDickies99
Member Posts: 1
I had to set up a loan with Snap Financing. Where loans generally get paid to a bank account, the snap loan went directly to the mechanic so none of the explanations cover this. They all direct you to set up the loan using my bank account as the recipient of the money, but this is not the case. I never actually saw the money. The only "record" I have of transactions are payments, the money never went into my bank account.
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Hey @GenuineDickies99 !
In Wave, the only workflow that we provide to record a loan is found here. If you never received the loan at any point and the workflow outlined in the Help Center article doesn't cater to your needs, I suggest reaching out to a CPA to ensure you get the correct accounting advice as we here at Wave support are not accountants.