video1.0<iframe src="https://www.loom.com/embed/f93e799845524dd787ee7f40dee5303e" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/f93e799845524dd787ee7f40dee5303e-344f4e4402d69ad5.gif79.837This Loom explains the updated amortization workflow that now supports both loan payables and loan receivables. When creating an amortization, you first select the loan type; choosing receivable updates the setup language to reflect money owed to the business. For a loan receivable, you select a loan receivable account and an interest income account, then enter loan terms to generate the amortization schedule and corresponding journal entries. After reviewing the schedule, you can post journal entries manually or enable automatic posting for consistent amortization handling.