Booking Loan in the System

I want to know the process of booking a loan taken into the system

@Zeeshan_Zia I don’t believe there is currently a way to process payments that are recurring, so you will have to manage the loan yourself. Meaning everytime you pay a payment a journal entry will have to be generated. Now in order to execute the initial loan entry you would enter the Loan itself as a liability with the creditor setup properly and then debit your asset account the money is going into (cash, bank acct, etc).