Once the first instalment payment is deducted from the Bank Account you can create an automatic Spend Money rule to automatically post all future instalments to the correct account.

1. From the Bank Feed transaction click on Options > Create bank rule
   
   è  The Bank Feed Rules screen
   
   
   
   
2. Select/enter the following details:
   • Step 1 > When money spend on the bank statement match All the following conditions > Select the appropriate condition to trigger future transactions
   • Step 2 > Set the Contact > Select the Finance Company
   • Step 3 > Automatically allocate the items as follows (this is where you post the Loan instalment admin charges, if applicable)
     • Description > Type: Admin Charges
     • Account > Select: Bank Charges
     • Tax Rate > Select/Confirm: Bas Excluded
     • Amount > Type the instalment Admin charges
   • Step 4 > When the remainder, allocate items to the following ratios > Select/Enter:
     • Description > Type: Loan Repayment Insurance
     • Account > Select: Loan #regoplate or #assetype
     • Tax Rate > Select/Confirm: Bas Excluded
     • Percentage > Confirm 100.00%
   • Step 6 > Target a bank account > Confirm the bank account where the instalments payments will be taken from
   • Step 7 > Give the rule a title > Type: Loan #regoplate or #assettype Loan Repayments
3. Click on [Save]