Recording initial loan receivable transaction and loan repayments

How do I record the initial loan receivable transaction?

How do I record the repayment of the loan to myself (including principal and interest)? 

Loan Receivable is when someone owes your company. (Loan Payable is when your company owes someone.)

Loan Receivable is an asset account type.

To set up all related Loans Receivable accounts, click here.

To record the initial payment of the loan to an individual:

• Click on the Cashbook icon.
• Click on the Add button.
• Click on the Payment radio dial.
• Enter applicable date, reference, name, amount and account code.
• Click OK to save.

For example:

To record a Loan Receivable repayment:

• Click on the Cashbook icon.
• Click on the Add button.
• Click on the Receipt radio dial.
• Enter principal amount in the Dissection Details section.
• Enter interest amount in the second line Dissection Details section (if applicable).
• Click on the OK button to save.

For example:

To check the balance of your loan account:

• Click on the Reports > Financials > Assets and Liabilities menu option.
• Select the Statement as at: date.
• Tick the appropriate check boxes.
• Click on the Print button.

For example: balance of loan.