## Documentation Index

Access the complete documentation index at:
https://www.zoho.com/au/books/kb/llms.txt

Use this file to discover all available documentation pages before proceeding.

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# I have taken a loan of $30,000 to buy a car for my organisation. Every month I pay $750 (interest + Principal). How do I record and track this loan and interest in Zoho Books?

To handle this , you have to create two accounts (under **Chart Of Accounts**). One for the **Loan’s principal**, which would be a **Liability Account**, and another for the **interest** which would be an **Expense Account**.

After creating the accounts, you will have to manually add both the principal and the interest as separate expenses.

To know how to create a new account, click [here.](/books/help/accountant/chart-of-accounts.html#create-new-account)