Refinancing an assest

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

Best Answer

  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    Accepted Answer
    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.

Answers

  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    Accepted Answer
    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
    calixtoemilio Member
    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
    Sherlock SuperUser ✭✭✭✭✭
    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.  
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