Entering loans, interest, and loan payments

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Loan entries are money you've received, that you'll need to pay back to the lender. When you enter a loan, you'll specify the interest percentage and length of your loan, and Upmetrics will calculate the interest and payments automatically. The app also incorporates the correct principal and interest payments into your financial statements.

Note: Don't enter your loan payments as a separate expense. Upmetrics adds them to the forecast for you.

Note: This feature assumes you are following a standard repayment schedule. Want to pay a loan off faster than required, incorporate a balloon payment at the end, or otherwise customize the payment schedule? In those cases, see Adding a loan with a custom payment schedule.

Adding a new loan:

Use this method for loans you'll place anytime after the start date of your forecast/plan.


Under the working capital tab of financial forecasting tool, Click on the Funding tab, and then click Add Funding Button:


Enter a name for the loan, and select funding type as Loan and then click on Next:


Indicate the amount of the loan and enter the annual interest rate:


Select when will you receive funding and enter the length of the loan:


Click Save & Close

Adding a loan with a custom payment schedule

If you need to represent a loan that doesn't match the standard repayment schedule, please see Entering a loan with a custom payment schedule

Adding special types of loans

Sometimes, your loan will have special terms. The links below offer instructions for some common types of specialty loans:

Where does this entry appear in the financial statements?

When you enter a Loan or an Other entry, only the interest portion will appear in your Profit and Loss statement. This is because the interest is the only true cost your business incurs in the loan:

Loans will appear on one or two lines of the Balance Sheet, depending on their length. A loan that will be paid back within 12 months appears as Short-Term Debt. A loan of longer than 12 months will be divided into Short-Term Debt and Long-Term Debt.

In the Cash Flow, similarly, loans (or portions of loans) may be considered Short-Term Debt or Long-Term Debt: