Customer Loan Amortization
I have searched through these forums and have seen this question asked several times, but no one seems to have an answer for it. I have some customers that have financed their purchases with us. We allow them to pay their balance over a specific time period at a fixed rate - in essence we loan the customer money. I need a way to set this up in QuickBooks. How do I show accurate interest charges and show only the monthly payment due - not the entire balance due?QuickBooks allows you to set up a loan that you owe to someone else (through Loan Manager), but not a loan where someone owes you money. Quicken, on the other hand, allows you to set up a loan either way. Is there some way to set this up in QuickBooks?Help!