How to record loans and repayments, interests etc.
https://www.zoho.com/books/kb/expenses/record-loan-amount.html
This is an incorrect way of implementation of loans.
This needs a proper implementation for zoho books to compete with mainstream solutions. As of now its just about fine to record expenses and generate invoices. Balance sheet level stuff is still lacking behind IMHO.
18
votes
Anonymous
shared this idea
-
Christian Wagner
commented
Has there been any improvement in the last 7 years regarding loans? - It's certainly not clear how to create even a simple report about a loan and its repayments.