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Account for a loan for new upgrade system?

SriSri Member Posts: 12

In old system, after entering Journal transaction details we used to delete Bank Transaction row.

But I am not getting in new system for Journal transaction. Still I need delete bank transaction row or just keep it. If keep it, what category it belongs?

Journal transaction

Bank Transaction

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in Accounting Technical Support

Comments

  • SriSri Member Posts: 12

    Anyone updates here...

  • BarsinBarsin Member, Moderator Posts: 2,041 ✭✭✭

    Hey @Sri

    Sorry that your post has not been addressed as of yet!

    If you check out our article on How to Account For a Loan using the newest version of the update, you'll see the line that states

    If you’ve connected your bank account to Wave, it will import the deposit transaction showing the loan funds available in your checking account. You’ve already accounted for this with the journal transaction you just created, so you can go ahead and delete the transactions when Wave imports it.

    You should be able to simply delete this transaction and just keep the journal entry!

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