Difference between revisions of "Line of Credit Reporting"
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You can start by entering the date your line of credit was established, the bank contact, a transaction ID and the adjustment. When creating your line of credit or whenever your line of credit is increased or decreased enter that value in the LOC Adjustment field. When you are satisfied, click on the add transaction button. This establishes your Line of Credit starting value. | You can start by entering the date your line of credit was established, the bank contact, a transaction ID and the adjustment. When creating your line of credit or whenever your line of credit is increased or decreased enter that value in the LOC Adjustment field. When you are satisfied, click on the add transaction button. This establishes your Line of Credit starting value. | ||
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For each future transaction, simply add a new transaction. You can use this information on your Line of Credit graphs to help inform your business decisions. | For each future transaction, simply add a new transaction. You can use this information on your Line of Credit graphs to help inform your business decisions. | ||
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Latest revision as of 13:26, 6 August 2019
Contents
Explanation
In this section you can track your line of credit, withdrawals, increases and payments. This line of credit reporting can help you plan for future expenses and keep you on track to paying down your business' purchases and it can help inform you of your ability to execute major projects in the future.
Instructions
You can start by entering the date your line of credit was established, the bank contact, a transaction ID and the adjustment. When creating your line of credit or whenever your line of credit is increased or decreased enter that value in the LOC Adjustment field. When you are satisfied, click on the add transaction button. This establishes your Line of Credit starting value.
Next, for each transaction, withdrawal, payment or adjustment, enter the date, the bank contact, the transaction id, and the value in the appropriate fields and click the add transaction button. This establishes your Line of Credit history.
You can make adjustments to your line of credit transactions by clicking the edit button. You can also delete a transaction if that transaction was voided or incorrectly registered.
For each future transaction, simply add a new transaction. You can use this information on your Line of Credit graphs to help inform your business decisions.
