How Is A Small Business Loan Handled In Your Books?
Small business loans are a vital part of getting your new business up and running and making sure it can grow as much as possible. This means, though, that you must understand how to handle the accounting aspects of the loan to ensure it's paid on time, stated accurately on your financial statements, and doesn't drag on your budget. Here's what you need to know to accomplish this.
How Is the Loan Recorded on Your Books?