How do I add an operating loan?

This article will demonstrate how to enter an operating loan in Traction.

operating loan4
1.  Click on the Dashboard icon at the top right of your screen. Select Accounting and then choose Chart of Accounts.   
2.  Scroll down to Notes Payable - Short Term and click on the arrow to the right of Details.  Select Add Account and fill in all of the information in the Account Info tab. Make sure to pick Line of Credit for the account type.


3.  [OPTIONAL] Click on the Details tab and fill in the all of the information.  Next, click on the Calculate Payment button.  This will generate a Payment amount for this Operating Loan.  This amount can be edited if it is not correct.  Confirm that the entries are correct and click on the Save & Close button.


4.  The Line of Credit will now appear in the Chart of Accounts.