setting up a loan, with repayments and interest and also transfering from one bank to another

Hello 18, 

Welcome to the Community page, 

So what you need to do is set up the loan in the chart of accounts section and enter in the balance. Then you will need to do expenses and the category would be the loan account and then it will reduce the opening balance for you. This article has all the steps you need for that. However the issue with transferring money from one account when it’s a loan repayment is the money is going from bank A to bank B as that is classed as a bank transfer you will need an expense out of the bank account to then repay the loan.