## Documentation Index

Access the complete documentation index at:
https://www.zoho.com/en-fr/books/kb/llms.txt

Use this file to discover all available documentation pages before proceeding.

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# How do I record a waived loan?

A waived loan is an indirect income to the business. Create a new account and add a journal entry against that account to record the waived loan.

To create an account:

*   Go to the **Accountant** module on the left sidebar and select **Chart of Accounts**.
    
*   Click **\+ New Account** in the top right side of the page.
    
*   Select **Other Income** as the **Account Type** and enter a suitable account name.
    
*   Add the necessary details and click **Save**.
    
    ![Create Account](/books/kb/images/expenses/sundry-creditors-refund-account-creation.png)

An account will be created.

Now, record a journal entry for the waived off loan:

*   Go to **Accountant** module and click **Manual Journals**.
*   Click the **\+ New Journal** in the top right side of the page.
*   Check the details and enter a short note for the journal entry.
*   Choose your loan account as the **Debit** account and make sure to select the account you created as the **Credit** account.
*   Click **Save and Publish** to record the waived loan.