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How do I record loans and repayments?

  • Go to “Accounts” >> “Ledger
  • Click “+” create
  • Enter Name As Machine Loan Under The “Short Term Loans” Account Group
  • Enter other fields
  • Click “Save
  • A Ledger Will Be Created For Machine Loan
  • Now, Create A Voucher
  • Go To “Accounts” >> “Voucher
  • Click “+” Create
  • Enter The Fields
  • Choose Bank Ledger As “Cr” And Machine Loan Ledger As “Dr
  • Enter The Amount
  • Click “Save
  • You Can Create Voucher For All Other EMI Paid.

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