How is interest expense added to my forecast?

This article covers some frequently-asked questions about how interest expense is handled in the LivePlan forecast. 

Do I need to enter the interest expense in my forecast?

When you enter a loan into the LivePlan forecast, the interest (and payments) are entered into your forecast automatically. These calculations come from the terms you enter for your loan, including the interest percentage and length:

You can see the calculated interest amounts in the Profit and Loss statement, in the Operating Income section, as shown below:

How do I edit the interest expense?

To edit the interest expense, you'll need to navigate to the Financing page of your forecast.

1. In the Forecast section, click Financing:
   
2. In the Financing table, click the title of the original Loan entry:
   
3. In the overlay that appears, change the interest percentage. Click Save & Close:
   

How do I enter an interest-only or deferred-interest loan?

For full instructions on how to enter these specialty loans, please read:

• Entering a loan with deferred interest
• Entering a loan with interest-only payments
• How LivePlan's financial statements handle loans and other financing