Bank Loans

Guidance:

This is a fantastic template which sets out all of the workings to calculate the capital and interest on a bank loan agreement.  If interest on loans varies across periods then the Variable Interest Bank Loans may be useful, details here.

Step-by-Step:

The help guide from Silverfin on how to use the template itself is here

Note: if you split the amount due into 2 codes (<1 year and > 1 year) then complete the Bank Loan template on the <1year nominal code.  To reconcile the >1 year nominal code, change the template to a 'Standard Template' and enter the reconciliation amount linking to the <1year nominal code in the description.