The first step is to open Assets & Liabilities and click Add Liability
2. Select Type of Loan
3. Select Account
4. Type Name
5. Select Interest Account
6. Enter Loan Amount
7. Enter Start Date
8. Select Repayment Type
9. Enter Interest Rate
10. Enter Loan Term
11. Scroll down and click Save
12. Loan will be displayed in the dropdown tab
13. Summary in the Loan will display running balance of the account
