How can we account for the company borrowed with interest


Our company borrows money every day with 2% interest per month from ABC company which is our supplier to buy a product and deliver to us, that we will also sell and deliver to our customer.

What is the most logical way here in ERPNext to book and monitor the borrowed money from ABC company, to be able to generate a report so we know how much we will pay and how much the total interest on the due date

Is the loan module can handle this?


Loan module is only for Employee and Customer

This would be a liability to be registered with some interest auto-repeat journals.

Can you elaborate what steps need to be done. Thanks you so much

What possibility by using in buying cycle, can it be done with buying?

Anybody here to point me in the right direction, on how to do this