User Support Forum

THe bookkeeper set up our Assets and Liabilities account to just track assets and liabilities. We don't pay from there. It looks like we just do double entry to set up the account. We would deposit into General Account and pay from general account. But when we then have to double post so the balance...

We received a loan for a gym roof - we received 3 checks from this loan at different times over 2 months. How do I set this up? Would it be o.k. to just set it up as one deposit entry of the 3 checks? Or should I do 3 separate entries as below? This is what I think?? to set up loan: CR - Income Acct...