Add a Loan
Track a loan you owe or one you gave out using the Loan Schedule tool.
In AkountFly, you can manage loans through the Loan Schedule tool found under More Tools in the sidebar. This tool helps you track the principal, interest, and remaining balance of any loans. You can also schedule repayments and have them auto-posted to your accounts. When adding a loan, you can choose to match it with an existing item or track it as a new item. If you choose to track it as new, you can set up the loan details immediately or approve it now and set the terms later, which will create a task under Action Required on your dashboard.
Step-by-step
- 1Navigate to Loan Schedule
Go to More Tools in the sidebar and select Loan Schedule under the Finance & Loans group.
Navigate to Loan Schedule - 2Add a New Loan
Click on the option to add a new loan. You can either match it with an existing item or track it as a new item.
Add a New Loan - 3Set Loan Details
If tracking as new, fill in the loan details. You can set up the terms immediately or approve now and set them later.
Approving now and setting terms later will create a task under Action Required.Set Loan Details