Recording a Loan

A Loan or a Debt is raised for a business to finance its trade or Investment. Loans can be recieved as Term Loans, Asset Loans or Over drafts. When a Loan is recieved it has to be recorded in Moiboo Software.

Let me now show you how its done.

1. Go to Journal under account tab

2. Add Journal Button



3. Now add Description.

4. Then Select date.

5. You can add the details of the new ledger by clicking on the "+" button near the account field.



6. Select group.

7. Then Add ledger name.

8. Now Click Create.



9. Now select Loan ledger and add amount under Credit column

10. Select bank and add amount under debit column.

11. Now Click Save.