<title>Adjust the balance of a loan account</title>
<category>accounts</category>
<klink type="prcdr">How do I adjust the balance of a loan account?</klink>
</index>
<content>
<ol>
<li>On the <emph>Accounts & Bills</emph> menu, click <emph>Account List</emph>.</li>
<li>Click the appropriate account.</li>
<li>In the left pane, click <emph>Update amount owed</emph>.</li>
<li>Enter the new balance and corresponding date for your loan account and specify the category (and subcategory, if applicable).</li>
<li>Click <emph>OK</emph>.</li>
</ol>
</content>
<footer>
<extend>
<tease>Why are my records different from the lender's records?</tease>
<reveal>
<p>Because lenders may use different interest rate calculations, it's not unusual to have small differences between their records and yours. For example, your lender may be calculating to three decimal points when you're only calculating to two. The timing of the lender's calculations may also be slightly different.</p>
