How do I record repayment for a loan?

To record a loan repayment, please follow the below steps.

• Go to the Expense module from the left sidebar.
• From the Category Name drop down, select +New Category.

• Enter the Category Name as Loan Repayment and add a description if necessary.

• Enter the amount you would be paying as a repayment.Add Tax from the drop down if applicable.
• Add any reference number or notes if necessary.
• Choose the contact from whom you obtained the loan from the Customer Name drop down.
• Click Save to record the expense.

Was this document helpful?

Yes

No

Was this document helpful?

Enter your comments or feedback on this page

Enter your email address

By clicking Submit, you agree to our Privacy Policy .

Submit Cancel

Submit

Submit

Thank you for your feedback!