Here you are able to manage your unsecured loan account.
Create Unsecured Loans Ledger:
- Go to the Account module in the left sidebar.
- Click on the Create Account button or press the Alt+N key
- Select the Unsecured Loans ledger on the Under group ledger drop-down list.
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Field information for Unsecured Loans ledger:
| Field | Description | Note |
|---|---|---|
| Ledger name | Here write your ledger name. | Mandatory field |
| Short name | Here write your ledger short name. | |
| Here write your ledger email id. | ||
| Mobile no | Here write your ledger mobile no. | |
| Include in assessable value calculation for | Include in assessable value calculation for not applicable or GST | |
| Appropriate To | Here select your ledger appropriate to the option | |
| Method of calculation | Here select the method of selection | |
| Description | Here write your ledger description | |
| HSN/SAC | Here write HSN/SAC code | |
| GST rate(%) | Here select the GST rate | |
| Deductee Type | Here select TDS rules. | |
| Deduct TDS in same voucher? | Here select Yes or No option. | |
| Account holder’s name | Here write your bank account holder’s name. | |
| A/C no. | Here write your bank account number. | |
| IFSC code | Here write your bank IFSC code. | |
| Bank name | Here select your Bank. | |
| Opening Balance | Here put your ledger opening balance. | |
| Is Active? | Here if you select “Yes” then this account is shown in all modules and if you select “No” then this account is not shown in all modules. |
