How do I record interest payments on a loan?

To record interest against a loan, you must first create the loan in Tyro Accounting's Asset and Liability register. Then follow the below steps:

1. Click on

Tax

1. Click on

Manage Balances

1. Click on

Add Balance

1. Click on

Expense

1. T

hen select the relevant loan from the dropdown menu under the heading " Loan Interest Charge "

1. Click on

Save