Hi,

Thank you very much for the reply.

Just wanted to know do I need to do the following as well after categorizing the loan repayment into liablity account?

Your suggesstion below:

"Next, enter the following information in the designated section.

1. Select the liability account for the loan from the Category dropdown on the first line, then enter the payment amount.
2. In the second line, select the expense account for the interest from the Category dropdown, then type in the interest amount.
3. On additional lines, add any additional fees. Select the appropriate accounts from the Category dropdown.
4. Once done, hit Save and close."

Regards,

Marufa