The total of the principal and interest entries must equal the total of the
To do this task
Go to the Banking menu and click Make Deposits.
If the Payments to Deposit window opens, select the payment that you want to
deposit now, click OK, then continue with step 6.
If the Make Deposits window opens, continue with step 3.
In the Received From column, enter the name of the purchaser.
In the From Account field, enter the asset account for this loan.
In the Amount column, enter the amount received toward the principal.
On the next line, enter the name of the purchaser again in the Received From
In the From Account field, enter the other income account used to track
In the Amount column, enter the part of the payment that goes to
Save the transaction.