Create loans from Loans → New. The 4-step wizard covers everything.
Asset vs. liability
- Asset — you hold the note; payments come in. Pick a borrower.
- Liability — you owe the loan; payments go out. Pick a lender.
This drives how the loan shows up in cashflow on Payments and Reports.
Terms
Set principal, annual rate, term, and frequency (monthly through annually, including semi-annual). Choose the interest method — amortizing, interest-only, or balloon. The engine generates the full schedule to the cent.
Advanced
- Signing date before origination captures prepaid (per-diem) interest.
- Custom payment honors a payment amount from existing documents.
- Escrow with ownership-date proration for property taxes.
Tip: the Create button arms a moment after the final step appears, so a rapid double-click can't create a loan early.