Loan repayments- create investment property account?

Simple Fund 360
#1

Hi everyone,
How do i record a loan repayment and create the investment property account?

Thanks

#2

Hi @TatianaPerez,

To record a loan payment, you would record the following double entry:

Account Debit Credit
Loan $300
Bank $300

Simple Fund 360 allows to create an investment property account subject to an LRBA. Please see the link below for more details on how to do this:

https://360help.com.au/display/SF360TMADV/Lesson+4+-+Property+Acquisition