1. The first step is to open Financial Position 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

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