A loan principal payment is not part of the budget, but it does affect the balance sheet. Use the Loan Principal Payment template. The specified values increase a liability account (such as Accounts Payable) in the month in which they are assigned; they are amortized away from that line according to the Amortization Schedule. Additionally, the specified amounts decrease a liability account (Loan Payable) in the month to which they are assigned. For multi-entity configurations, an entity must be provided since these are not budgeted.
Loan Principal Payment Template:
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