How to Record a Loan in Xero
- George Apostolov
How to Record a Loan in Xero: step-by-step guide
On Xero's main dashboard, find and open a bank account.
After that, click the 'New Transaction' button to proceed.
Tap the drop-down menu afterwards.
Subsequently, select 'New Receive Money'.
One by one, fill out the input fields with the required information related to the loan you wish to record.
Once done, review your input and click 'Save'.
After completing these steps, your loan will be recorded as a new receive money in the selected bank account.
Quick answer: 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.
About this Xero tutorial
Log a loan transaction in Xero by opening a bank account, adding a new receive money transaction, and saving the required details. This guide shows how to record a Loan in Xero in 7 steps, starting with "On Xero's main dashboard, find and open a bank account" and finishing with "After completing these steps, your loan will be recorded as a new receive money in the...". The interactive demo above is a click-through copy of the real Xero interface, so you can rehearse each step before doing it in your own account.
Frequently asked questions
How many steps does it take to record a Loan in Xero?
7 steps. Each one is listed in order above, and the demo highlights exactly where to click.
Can I try it without changing my own account?
Yes. Clicking through the demo doesn't touch your Xero data or settings. Once you know the flow, repeat it in your own workspace.
This tutorial is filed under Xero. Related guides: How to Record an Insurance Claim in Xero, How to Record an Overpayment in Xero and How to Record Charity Donations in Xero. Last reviewed 05 Oct 2026.
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