How to Record Loans

This article explains how to record loans so that you can accurately record lending arrangements between your client's entities.

Before You Start

Make sure you have an active Group with at least two entities — one to act as the lender and one as the borrower.

Steps

In the left-hand navigation, go to Loans.
Click Add Loan.
Complete the form. The following fields are required (indicated by a red asterisk):
- Lender — the entity providing the loan
- Borrower — the entity receiving the loan
- Amount — the value of the loan
Add any optional fields to record additional information, such as Interest Rate.
Click Create Loan.

Adding a Security or Guarantor

Once a loan has been created, you can add further details to it directly from the Loans page.

To add a security, click Security on the recorded loan.
To add a guarantor, click Guarantor on the recorded loan.

Editing a Loan

To edit a loan, click the pen icon on the recorded loan.

What You'll See

A "Loan created successfully" message appears. The loan is also recorded on the Loans page, where you can view, edit, and manage all loans for the active Group.