If you receive a loan (liability) and want to record this on Gnomen, head over to the accounts page > then click on make a journal entry.
Make sure you credit the "Loan (Liability)" Account and debit the bank account you are receiving the money into and then make the Journal entry.
This will show on the balance sheet like so:
To pay the loan back click on "Record an Expense/Asset".
Make sure you select the "Loan Liability" account that was used earlier to receive the loan and make sure you select the same bank account that the money went into.
This will balance out the "Loan Liability" account on the balance sheet.
