How to Record a Loan in Xero

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It is very easy to record a loan in Xero. Here’s a quick tutorial on how to do it in simple steps:

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1. On Xero's main dashboard, find and open a bank account.
2. After that, click the 'New Transaction' button to proceed.
3. Tap the drop-down menu afterwards.
4. Subsequently, select 'New Receive Money'.
5. One by one, fill out the input fields with the required information related to the loan you wish to record.
6. Once done, review your input and click 'Save'.
7. After completing these steps, your loan will be recorded as a new receive money in the selected bank account.