I would like to set up sched. pymts for a loan. The $ was recvd and deposited into the bank account. Entry made in gp: financial/bank transaction/IAJ
Now need to start making payments. If I make a document it will post again to the same IAJ account.
If I make document, set up sched. payments, post: when I need to write check, can I issue ck with wkly ck batch? or do I need to do different?? I
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Kelly, I would enter the document and debit and credit the AP account. Presumably, you already have the liability set up in a notes payable account. Yes, you can pay the scheduled payments with a regular check run. You'll have due dates on the scheduled payments just like any other payable.
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