For a better management of your company, informing the expenses of your bank loan see helps to have a visibility on the long term of your company. Let's find out together how to do it!

To use this feature, you will first need to enter your loan amount in the tool and create your bank as a customer, you can specify your banker information if you wish.

1. Create a called customer Banker (Discover here how to create or import a customer).

2. Next, go to the left menu in “Sales" then "Invoices"

Add an invoice to enter the amount of money received. The billing date and the due date must correspond to the day of receipt of the loan. And specify as a customer your Banker. And next.

3. In the invoice add a service. Create a Ready service. Add a description if you wish. Quantity = 1, No unit and the amount of money received.

The purpose of this action is to declare receipt of the sum of money. So be sure to enter only the amount of the money obtained and only this one.

Then, after this first operation, you will have to enter the total amount of your expenses, that is to say the amount of the loan + the interest.

4. Nothing could be simpler! You can create a “Miscellaneous expenses” expense of the total amount. Or create a “loan repayment” category in “Settings" -> "Finance"->"Expense Categories".

Then, two options are available to you. Either enter the total loan amount + interest and save, or enter the monthly repayment amount and apply a recurrence.

In our example, this is a reimbursement of €116.66 to be included in the amounts. This will apply monthly for 5 years (60 months) for a refund of €7000. And don't forget to specify your banker as your client. For more cartload.

Now your loan is entered correctly in the tool. Congratulation !