<topic sku="core" tNum="226283" author="sallyh" xmlns="x-schema:hhTopicSchema.xml"><index><title>Enter loan payments</title><category>accounts</category><klink type="prcdr">How do I enter loan payments?</klink></index>
<content>
<p variant="impt">This procedure does not actually send your payment or print your check. If this is an <glossary tNum="28840">electronic payment (Epay)</glossary> or <glossary tNum="287104">transfer (Xfer)</glossary>, you still need to connect to the <glossary>financial institution</glossary> from which you pay bills electronically. If it's a printed check, you still need to print and mail the check.</p>
<li>Click the loan transaction you want to record, and then click <emph>Enter into Register</emph> or <emph>Pay Online</emph>.</li>
<li>Review the details of the loan payment, and make any corrections.</li>
<li>Click <emph>Record Payment</emph>.</li>
</ol>
<p variant="note">Money enters this transaction in the account register from which you pay the loan and in the register for your loan account, if you have one. It's a good idea to set up a loan account if you want to track your net worth or if your interest is tax deductible.</p>
