## Documentation Index

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

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

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# How do I record loans and repayments?

Businesses tend to take short and long term loans from banks or financial institutions based on their capital needs or current requirements. Using Zoho Books, you can record the loans received and repayments made to ensure you’ve kept track of them.

Let’s see how you can:

*   [Record Loans Received](/sa/books/kb/expenses/record-loan-amount.html#record-loans-received)
*   [Record Repayments made](/sa/books/kb/expenses/record-loan-amount.html#record-repayments-made)

### Record Loans Received

To track the loans you have received, you should first create an account to record the loan and then record the transaction.

To create a new account:

*   Go to _Accountant_ on the left sidebar, and select **Chart Of Accounts**.
*   Click **\+ New Account** at the top of the page.
*   Select the _Account Type_ as **Other Current Liability** (or any other liability account based on the loan received) and enter other necessary details.
*   Click **Save**.

Now, you can record the loan. Here’s how:

*   Go to _Banking_ on the left sidebar and select the bank account to which you received the loan.
*   Click the **Add Transaction** dropdown in the top right corner of the page and select **Deposit from Other Accounts** under _Money In_.
*   Select the _From Account_ as the account you created for the loan and enter the other necessary details.
*   Click **Save**.

Now, after creating this account, you will be able to record loans under this account.

### Record Repayments Made

To record repayments:

*   Go to **Banking** on the left sidebar.
*   Select the relevant bank account under _Active Accounts_ and click **Add transaction**.
*   Select **Transfer to another account**.
*   In the **To Account** field, choose the Expense account.
*   Enter the **Amount** and other required details.
*   Click **Save**.

Once done, the repayments you’ve made will be recorded.