How do you post interest to a Canola advance? This interest is not paid.
Hi Debbie!
In your transaction entry screen, you are going to do a Withdrawal. Enter your date, reference, and description, but leave the total as 0.00.
In your first line, claim the amount of the CCGA advance interest as an expense. You will need to make sure to type in the amount of interest in the right spot. Create a second line.
On the second line, set your type to L+, and select your CCGA Advance. This should auto balance, and add to the amount owing on the loan. Record the transaction to complete.
I hope this helps!