Reach is the only Accounting Software which is customised to suit 18 different business end to end.
A Loan or a Debt is raised for a business to finance its trade or Investment.
Loans can be recieved as Term Loans, Asset Loans or Over drafts.
When a Loan is recieved it has to be recorded in Moiboo Software.
Go to Journal under account tab
Add Journal Button
Now add Description.
Then Select date.
You can add the details of the new ledger by clicking on the "+" button near the account field.
Then Add ledger name.
Now Click Create.
Now select Loan ledger and add amount under Credit column
Select bank and add amount under debit column.
Now Click Save.