# 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:** 1\
**Showing post:** 2

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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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