loan account

drakie

I am unsure how to post loan received. Money is pulled in auto through bank stat. upload. But what is category. I said unspec inc and also tried deposit received, against account Ilse loan. But the system then dt ilse loan..why? should it not dbt the bank end credit the loan ilse loan.

Alexia

Hi @drakie.

If you've already had a credit card or loan uploaded through your bank connection, you'll be categorizing transactions according to what each transaction represent. We do have an article here on how to account for loans, it might be useful to you. It'll explain how to set up a loan on Wave, and how to record payments.

Let me know if you need anything else.