"Credit" from Lender for Final Loan Payment - How to book? - Ask and Answer Questions https://aipb.org/community/bookkeeping-general/credit-from-lender-for-final-loan-payment-how-to-book/ American Institute of Professional Bookkeepers Discussion Board en-US Tue, 21 Jul 2026 23:25:35 +0000 wpForo 60 "Credit" from Lender for Final Loan Payment - How to book? https://aipb.org/community/bookkeeping-general/credit-from-lender-for-final-loan-payment-how-to-book/#post-4148 Thu, 11 Apr 2024 16:13:10 +0000 I have a client that just paid off an equipment loan. They did not actually "pay" the last payment, the Lender gave them a credit for the final amount. How do I enter that in the books to zero out the liability?

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