Sage 100

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Long term liability beginning balance

Posted By Jamie Tweedy over 4 years ago

We recently obtained an SBA Loan and I need to enter the beginning balance. I have already set up the appropriate GL account. Please advise.

0 BigLouie over 4 years ago

It would sound like a simple deposit. Just do a Cash Receipt using "CASH" instead of a customer. Enter in the name or number of the SBA Loan. Then do a GL distribution into the GL account setup to handle the loan. Post.
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Sage 100

Long term liability beginning balance

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