# Loans

**URL:** <https://forum.manager.io/t/loans/9669>\
**Category:** Uncategorized\
**Created:** [May 22, 2017, 3:21pm UTC](https://forum.manager.io/t/loans/9669 "2017-05-22T15:21:32Z")\
**Posts on this page:** 6\
**Page:** 1

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**Author:** ![adonso](https://avatars.discourse-cdn.com/v4/letter/a/8797f3/32.png) [@adonso](https://forum.manager.io/u/adonso)\
**Post date:** [May 22, 2017, 3:21pm UTC](https://forum.manager.io/t/loans/9669/1 "2017-05-22T15:21:32Z")

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Hi,

Please how do i deal with Loans in Manager?  
kindly help.

thanks.

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**Author:** ![pcal](https://avatars.discourse-cdn.com/v4/letter/p/a6a055/32.png) [@pcal](https://forum.manager.io/u/pcal)\
**Post date:** [May 22, 2017, 3:35pm UTC](https://forum.manager.io/t/loans/9669/2 "2017-05-22T15:35:42Z")

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Assuming you mean for your business to receive a loan from someone else, go to Settings - Chart of Accounts, and create a Liability Account for the Loan you wish to track. You can set an opening balance if required when creating the account.

To receive a loan, go to Cash Accounts, Select the cash account the loan will go to, and Receive a payment to the cash account (Received In), and select the Loan account you created (Account) for the loan funds to be entered into.

Making a loan payment is basically the same, just select Spend Money instead of Receive money.

If you mean that your business will be making a loan to someone else, you can create the loan account as an Asset account rather than a Liability account, and follow basically the same procedure as above.

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**Author:** ![adonso](https://avatars.discourse-cdn.com/v4/letter/a/8797f3/32.png) [@adonso](https://forum.manager.io/u/adonso)\
**Post date:** [May 22, 2017, 3:53pm UTC](https://forum.manager.io/t/loans/9669/3 "2017-05-22T15:53:11Z")

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Dear pcal,

Thank you very much for this great information. It is very easy to follow.

Best regards,

Emmanuel.

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**Author:** ![gunnar.michelson](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/gunnar.michelson/32/2150_2.png) [@gunnar.michelson](https://forum.manager.io/u/gunnar.michelson)\
**Post date:** [May 23, 2017, 7:12pm UTC](https://forum.manager.io/t/loans/9669/4 "2017-05-23T19:12:43Z")

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Hello!

I would to recommend also use for that “Special Accounts”

On the left (down) you can see Customize - click on it  
check Special Accounts

go to Settings - Chart of Accounts, and create a Liability Account for the Loan  
check Control account  
Made up of - choose Special Accounts

go to Special Accounts on the left and create new Special Account and match it with Liability Account for the Loan

You can create many Special Accounts and match example all them with Loan Account

I think so its much easier to have a good overview if you have different loans and you want track them

Have a nice day  
Gunnar

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**Author:** ![Sokoni\_Advertiser](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/sokoni_advertiser/32/18548_2.png) [@Sokoni\_Advertiser](https://forum.manager.io/u/Sokoni_Advertiser)\
**Post date:** [February 4, 2021, 7:17am UTC](https://forum.manager.io/t/loans/9669/6 "2021-02-04T07:17:25Z")

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Absolutely, three cheers @pcal

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**Author:** ![Ealfardan](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/ealfardan/32/63166_2.png) [@Ealfardan](https://forum.manager.io/u/Ealfardan)\
**Post date:** [January 18, 2023, 3:26pm UTC](https://forum.manager.io/t/loans/9669/7 "2023-01-18T15:26:41Z")

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