Loan amortization software Videos

*Xero how to: Manage a loan or mortgage* You to manage your loans or mortgage in two ways - via a bank account, or non-current liability account. First option is to set up a loan or mortgage as a bank account. This tutorial will show you how to: - enter opening balances in conversion balances - transfer between loan account and bank account to manage payments - setup a bank rule to account for interest - create spend money transaction to account for fees Second option is to set up a loan or mortgage as a non-current liability account. This tutorial will show you how to: - set up a new non-current liability account in chart of accounts - set up bank rules for payments - split spend money transaction to handle interest and principle payments. ^OG