Loans (Liability)

Here you are able to manage your Loan & Liabilities ledger.

Create Loan & Liabilities Ledger:

  • Go to the Ledger module in the left sidebar
  • Click on Create ledger button or press the Alt+N key
  • Select Loan & Liabilities ledger on Under group ledger drop-down list

Field information for Loans (Liability) ledger:

FieldDescriptionNote
Under groupHere select the Loan(Liabilities) ledger 
Ledger nameHere write your ledger name. Mandatory field
Short/Alias NameHere write your ledger short name 
EmailHere write your ledger Email address 
Mobile no.Here write your ledger mobile no. 
Include in assessable value calculation forHere select Include in assessable value calculation for Not applicable or GST   
Appropriate ToHere select your ledger appropriate to the option 
Method of calculationHere the select the method of selection 
DescriptionHere write your ledger description 
HSN/SACHere write your bank IFSC code. 
GST rate(%)Here select the GST rate 
Opening Balance  Here put your ledger opening balance