SaaS
Venture Debt Monthly Interest
Recording monthly interest on an outstanding venture debt facility.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Interest Expense (Venture Debt) | Expense (+) | 8,000.00 | - |
| Accrued Interest Payable | Liability (+) | - | 8,000.00 |
💡 Accountant's Note
Venture debt carries a fixed interest rate (typically 8-15%). Interest accrues monthly and is usually paid monthly or at the end of the interest-only period.
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