Unsecured Loans

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 Unsecured Loansledger on the Under group ledger drop-down list.

Field information for Unsecured Loans ledger:

Ledger nameHere write your ledger name.Mandatory field
Short nameHere write your ledger short name.
EmailHere write your ledger email id.
Mobile noHere write your ledger mobile no.
Include in assessable value calculation for    Include in assessable value calculation for not applicable or GST
Appropriate ToHere select your ledger appropriate to the option 
Method of calculationHere select the method of selection 
DescriptionHere write your ledger description 
HSN/SACHere write HSN/SAC code 
GST rate(%)Here select the GST rate 
Deductee TypeHere select TDS rules.
Deduct TDS in same voucher?Here select Yes or No option.
Account holder’s nameHere write your bank account holder’s name. 
A/C no.Here write your bank account number. 
IFSC codeHere write your bank IFSC code. 
Bank nameHere 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.