Full Loan Accounting Guide: EMI, Processing Fees, and Penalty Charges скачать в хорошем качестве

Full Loan Accounting Guide: EMI, Processing Fees, and Penalty Charges

Recording loan payments correctly in your books involves more than just the simple EMI amount. This video simplifies the full accounting cycle for a business loan, ensuring your financial records are compliant and accurate. We will guide you through the essential Journal Entries, starting with the Loan Disbursement and the critical step of accounting for any upfront Processing Fees. Crucially, we break down the EMI itself into its two components—Principal Repayment and Interest Expense—and show you why they must be separated. Finally, we cover entries for other common scenarios, like recording Penalties and Late Payment Charges. Watch to learn the complete process and avoid common accounting mistakes that impact your financial statements. #LoanAccounting #EMIJournalEntries #FinancialAccounting #LoanFees #PrincipalAndInterest #Bookkeeping #AccountingTutorial #BusinessFinance