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Loans and leases

Describes Fynease as of September 2026

Loans and leases have their own tabs in Schedules: Loans & Debt, and Capital Leases.

Loans

Fixed or floating rates; a floating rate follows a reference rate (Bank of Canada, the US federal funds rate or the Bank of England) plus a spread.
Interest-only months, payments in arrears or in advance, and convertible notes.
Three ways to post: the full payment (principal, interest and bank), interest only (the bookkeeper posts the payment), or interest that accrues until maturity (PIK), with no cash until then.
A lender's own payment schedule can be uploaded instead; each row's interest and principal must add up to the payment within $0.50.
An existing loan starts from its current balance and remaining term, from the month you choose.

The current portion

The current portion is the principal due in the next 12 months, never more than the balance and never negative. The reclassification between long-term and current is generated at close. The schedule is compared with the loan account and its current-portion account together, and shown split between the two.

Leases

Leases follow the finance-lease model (IFRS 16 and ASC 842 finance leases): a right-of-use asset and a lease liability, the incremental borrowing rate, the finance cost account, the lessor, and a sales tax code on the payments.

Posting

A full payment can go to QuickBooks Online as a journal entry, or as a vendor bill: principal to the liability, interest to expense, credited to accounts payable. Paying that bill in QuickBooks is what matches the bank feed. If the lender or lessor is missing, the item is skipped and named.
Payment entries can be booked automatically a chosen number of business days before the payment date, on the loan's own payment day, so the bank feed can match them. Sending to QuickBooks Online stays a separate step.

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