# How to Record a Loan in Xero

> To record a loan in Xero, open a bank account from the main dashboard, click 'New Transaction', open the drop-down menu, and select 'New Receive Money'. Fill out the required loan input fields, review the information, and click 'Save' to record the loan.

Canonical: https://livedemo.ai/tutorials/how-to-record-a-loan-in-xero/
Apps: Xero
Updated: 2026-10-05
Interactive demo: https://story-api.livedemo.ai/workspaces/62255d3d3304f17b8f5e2d03/stories/692a4ba4ab56e05a00ff7028/preview?step=1

## Steps

1. On Xero's main dashboard, find and open a bank account.
2. After that, click the 'New Transaction' button to proceed.
3. Tap the drop-down menu afterwards.
4. Subsequently, select 'New Receive Money'.
5. One by one, fill out the input fields with the required information related to the loan you wish to record.
6. Once done, review your input and click 'Save'.
7. After completing these steps, your loan will be recorded as a new receive money in the selected bank account.