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Status Answered
Created by AgExpert Support
Created on Sep 27, 2018

Disqus Agexpert Accounting Questions Archive

Should a revolving loan be classified as a loan or a liability?

  • ADMIN RESPONSE
    Feb 10, 2025

    Hello Monika,
    I would recommend setting it up as a loan which will allow you to do payments and additions to your revolving loan. If you want it to show up on your loan report then you should set it up as a loan. If you are treating it as a bank account, you could also set it up as as a credit card, it'll make transactions simpler.
    Hope this helps!

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