HI,
I have an account setup as a liability (as a credit card) for a business loan, tax code N-T.
The interest in on the bank statement as a debit of $355.71
The interested is re-directed from a personal account that is not linked to MYOB at all as it will never be reconciled, credit $355.71
As the funds are deposited into the loan account from the personal account, how would i do this particular entry as well as the interest paid?
I've attached a screen shot of the bank statement for reference
I'm so confused right now so any help would be greatly appreciated