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.
2. Click on Manage Balances.
3. Click on Add Balance.
4. Click on Expense.
5. Select the relevant loan from the dropdown menu under the heading Loan Interest Charge.
6. Click on Save.