Have received some Dec accrued interest for Dec 31 on two loans, unsure where to enter these entries to. understand the amt has to be posted to each loan, but what account do I post the balancing entry to.? My other system was Change in accruals.
ADMIN RESPONSE
Feb 10, 2025
https://uploads.disquscdn.c... Hi Deb, You can enter that as a General Journal entry to Debit interest expense and then credit the loan.
