6 Free Loan Payment Receipt Templates

A loan payment record contains both interest and main principle amount which will involve a debit to interest, a sum of entry to payable loan. Your credit balance in your loan payable account should be matched with the principle balance of lender’s note. You can crosscheck the credit balance by comparing it to the taken loan balance scripted on Loan Payment Receipt created by your lender. You need to give a complete statement of each and every loan payment putting together in a spreadsheet. Things to be included are original loan amount, current principal remaining, an amount of interest, payment history, and current payment received.

Let’s take an illustration of short-term bank loan. The bank proceeds with the deposit into the checking account of the company. Here the company is the customer who took the loan. For the purpose of cross-checking the balance of taken loan, a double entry record should be generated by the bank as well as by the company.

On the process of short-term bank loan record, customers’ debit to the asset account loans for payable principle is recorded as the refundable principle and they will collect it. In a case of non-interest loan demand deposits have to be recorded. When a double entry has been recorded by the company the documents are just the opposite of the previous assumption. A deposit to the current asset accounts of the company for the amount that bank already deposit is needed to be recorded on the receipt.

The importance of bank Loan Payment Receipt, every time you pay the refund money with interest is such that you can keep tracking yourself by reading thoroughly the records and manage yourself to arrange for the next submission of money. As it is very legal documentation of details of the loan and also the matter of importance to refund the loan within relevant time, you need to be up to date with the records.

Here is a Preview of a Free Loan Payment Receipt Template

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Here is a Download Link of This Free Loan Payment Receipt Template

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Here is a Preview of a Free Loan Payment Receipt Template

untitled

Here is a Download Link of This Free Loan Payment Receipt Template

download button

Here is a Preview of a Free Loan Payment Receipt Format

untitled

Here is a Download Link of This Free Loan Payment Receipt Format

download button

Here is a Preview of a Free Loan Payment Receipt Sample

untitled

Here is a Download Link of This Free Loan Payment Receipt Sample

download button

Here is a Preview of a Free Loan Payment Receipt Template

untitled

Here is a Download Link of This Free Loan Payment Receipt Template

download button

Here is a Preview of a Free Loan Payment Receipt Template

untitled

Here is a Download Link of This Free Loan Payment Receipt Template

download button

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