Record a loan you have issued
Record issued principal and repayments through reviewed journals.
On this page
Have the loan agreement, money-transfer records and principal/interest schedule. Confirm the receivable, funding and interest-income chart accounts with your bookkeeper.
Step 1: Start a Loan issued journal
Open Accounting > Revenue. Expand More accounting tools and choose Opening balances & journals. Choose Loan issued in Entry type. Set Entry date, Book, Property, Unit if needed, and Description.
Step 2: Enter the principal
Use the reviewed Chart account, Side and Amount lines for the receivable and funding accounts. Match total debits and credits to the money already lent.
Step 3: Review and approve
Select Submit for review. Check Saved journal review, accounts, date, scope and total before Approve & post journal. Submission alone does not post the journal.
Step 4: Record repayments separately
For money already received, prepare a separate Manual journal using your repayment schedule. Keep principal repayment separate from interest income, and review any imported deposit before recording the same receipt twice.
Use a receivable account
A loan you issued is money owed to you. The Loans workspace tracks borrowing you owe. Check Chart of accounts first if the required active accounts are missing.
Check report coverage
Read the journal dialog’s report-coverage note. If it says none, reports using the transaction ledger do not include these entries. A journal does not update a loan schedule or collect a repayment.
Check the result
- After approval, the issued principal or repayment is recorded in the journal. Report inclusion depends on the coverage shown in the dialog. If it says none, do not expect these entries in reports using the transaction ledger.
FAQs
Will Rentari calculate my received-payment split?
This journal workflow does not calculate a lender-side amortization schedule. Enter the reviewed principal and interest amounts from your own schedule.
Will a journal match the imported deposit automatically?
Do not assume automatic matching. Review the imported deposit and existing journal before recording the receipt again; this workflow does not promise a matching window or automatic consolidation.
Does this send the loan or collect repayments?
No. Journals record accounting entries for money already moved. They do not initiate payments.