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How to reconcile the trade loan settlement

In order to pay/settle the Trade loan, 

1. Go to the " Accounting Dashboard" select   the relevant bank and Click  "Reconcile"


2. Select the bank feed that you have paid for Trade loan account, Then In the " Manual Operations" tab  select the "Trade loan Account", and select the Taxes as No GST (None)   and input the Trade loan amount without the interest. ($ 303,882.84)

3.  Recognize the balance amount $4,329.54 to Interest account. Click the line showing as Bank suspense account and under the Manual operations tab select the interest expense account, select the taxes as No GST ( None) and Click on VALIDATE.

 
4. Once you have validated, to check the transactions and balances in Trade Loan account, Click the " Reporting" and select the "General ledger"