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Recover loan

Once you've logged in to Trustworks, click on the trust you wish to recover a loan. Click Assets and Liabilities, left click on "I would like to ...". Under "Other Transactions" select "Recover loan".

This page follows "Advance loan", click here for the initial setup details.

Recover a Loan

Which loan account? Select the appropriate person from the drop down.  In this example it is Bobby Jones

How much is being recovered? Enter the loan amount. e.g $1000

Going into? Select the account for repayment

Date of loan? Select the appropriate date

Any additional details

Click Create

Account transactions - Loans / Gifting

Reports - Loan Advances

 

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