How to update the monthly hire purchase in the Biztory system? (New Version )

Modified on Fri, 4 Oct at 4:16 PM

 How to update the monthly hire purchase in the Biztory system? 


  If you have multiple bank loan and need to differentiate them, you can refer to this solution to create    a chart of accounts for every each of them.

Refer to this solution: How to create chart of account ? 


**When you get the bank loan from bank, you can record in Journal

   For the double entry, you shall consult your accountant.



When you received a long term loan from bank

(Disclaimer: the below steps is long term loan is a sample receiving loan from bank)




1.After created chart of account , may click to accounting and choose “journal"





2. Click "Add New"





3.Fill in the details in the required filed with * and "Save"

   Debit Alliance Bank

   Credit Long Term Bank Loan

   Credit Bank Interest






For recording monthly repayment for the loan, you have two options to choose from: 

(Disclaimer: the below steps is a sample repay loan from bank) 


1. Record it in the journal.

2. Record it as an expense.



Example 1: Record in the journal




1. Create in the Journal and fill the details then "Save"

    Credit Alliance Bank 
    Debit Long Term Bank Loan

    Debit Bank Interest 





Example 2 : Record it as an expense


If you don't see the expenses in the dropdown list, please refer to these solutions to create a new expense category.

How to create new Expense Category if it's not found in the drop-down list ? 




1.Supplier side record the Name of Bank

   Category choose the Bank Interest and Bank loan fill in the amount then "Save"





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