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Refinancing an assest

calixtoemilio

Added New Car with attached loan in the past. Loan is refinanced. Is it possible create a new loan attached to the same asset?

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Accepted answers

Sherlock

To reset the asset to the loan, open the asset account, press Ctrl + Shift + E, select the appropriate loan account in the pull-down menu and OK.

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Sherlock

To reset the asset to the loan, open the asset account, press Ctrl + Shift + E, select the appropriate loan account in the pull-down menu and OK.

calixtoemilio

Interesting, I should create the loan upfront, without assigning an asset, which not sure is possible either. Is it? Or should I create a liability and the link it to the asset?

Sherlock

calixtoemilio said:

Interesting, I should create the loan upfront, without assigning an asset, which not sure is possible either. Is it? Or should I create a liability and the link it to the asset?

You may do it either way.