I purchased solar for my business using a loan. Do I enter the total cost in the expenses or do I enter the payments to the loan from 2017? How do I enter this expense?

terraldfox · ‎June 6, 2019

Vanessa · ‎June 6, 2019

Once you take on the liability of a loan or make a purchase on a credit card, it is considered as paid by you. You will enter the total cost in the expenses.

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Vanessa · ‎June 6, 2019

Once you take on the liability of a loan or make a purchase on a credit card, it is considered as paid by you. You will enter the total cost in the expenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I purchased solar for my business using a loan. Do I enter the total cost in the expenses or do I enter the payments to the loan from 2017? How do I enter this expense?