Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Get 50% OFF QuickBooks for 3 months*
Buy nowI have an EIDL loan that we are not paying on the principal or interest yet.
I have the loan principal set up as a long term liability.
How do I record the interest accrual? I have a short term liability account set up - I assume I credit (increase) that account every month by the deferred interet, but what account do I debit?