Creating a New LoanIn KMyMoney, a loan is a type of account. Therefore, to create a new loan, you begin by selecting the → menu item. Continue by answering the questions that the wizard poses to you.
Note
The New Account Setup wizard not only sets up a Loan Account, but also creates a Scheduled Transaction for the periodic payments. If you try to edit either the Loan Account or the associated Scheduled Transaction, you will be presented with the Edit Loan Account Wizard. This allows you to adjust many of the details of the loans, but not all. Unfortunately, some aspects of the Loan Account cannot currently be changed, such as the account's parent account.
If you display the Schedules View, right-click on any of the listed schedules, and select from the menu which pops up, KMyMoney will display the Edit scheduled transaction dialog. In contrast, if you do this with a loan schedule, you will be shown the Edit Loan Account Wizard, and mentioned above. However, if you hold down the Shift key when you click , the Edit scheduled transaction dialog for the loan will be show, where you can change some of the details of the recurring transaction.
Also note that if you delete the schedule associated with a loan, you cannot undo this action, and will have to start from scratch, creating a new loan account and schedule.
Optionally, as with any other account, a loan can be associated with a particular institution. If you are borrowing from a mortgage company or a car loan company, you could create an institution that describes this firm and associate your loan with the institution. If you are borrowing from your Uncle Ted, there is no need to set up an institution.