> For the complete documentation index, see [llms.txt](https://docs.mifos.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mifos.org/mifosx/user-manual/for-all-users/untitled/loan-product-and-accounting-with-mifos.md).
# Loan Product and Accounting with Mifos
Mifos X users can easily create loan products for their clients and do accounting with the provided features. The features can be easily enabled in a few steps. The inputs are also highly customizable.
### **Creating Loan Product**
#### Before you start :
Firstly, you have to enable the module that allows you to add dates to your inputs by using these steps:
1. Go to **Admin** → **System**.
2\. Select the **Configurations** menu.
3\. Search for the "**amazon s3**" menu by typing it in the search bar given. Mifos X will automatically filter the options based on what you type in the search bar.
4\. You can now enable it by clicking the Status menu "**Slider**" next to it.
5\. Once it has been enabled, a red "**Disable**" button is displayed next to it.
#### Create your first loan product :
1. Go to **Admin** → **Products** from the top menu bar.
2\. Here, you can create a variety of products (*Loan Products, Savings Products, Share Products, etc.*). In this example, we will be creating a loan product. Click on "**Loan Products"**.
3\. After clicking on **Loan Product**, you can make a new one by clicking on the blue "**Create Loan Product**" button.
4\. Now, you can create your own first loan product with your own configurations. Fill in the fields as per your chosen configurations (**NOTE: Fields marked with a red asterisk "\*" are mandatory**).
5\. You can also enable the **Accounting** function at the end of the procedure (*optional*).
#### Creating loan product for your clients :
After creating your loan product, you can add it directly into your client's data. To do so, follow these steps:
1. Go to **Institutions** → **Clients** from the top menu.
2\. Select the Client you want the loan product to be added to (*for this example, we are selecting Client A FN Client A LN.*).
3\. Here, you can see their loan account overview.
4\. You can add a new loan product into your client's data by clicking on the blue "**New Loan**" button on the top of the page.
5\. Now select the loan product you want from the drop-down menu.
6\. Configure it and finish by clicking on the "**Proceed**" button.
7\. Once you are done with the above steps, all that's left is to approve the loan product you wish to add.
#### Making repayments for your client's loan product :
To add repayments for your client's loan product, follow these steps:
1. Go to your client's data once more by navigating to **Clients** → **Clients** from the top bar and clicking on your client's name.
2. The loan account you wish to add a repayment for has to be accepted and disbursed first.
3. Select the loan product you want to repay and click on the **dollar sign** to make the repayment.
4. Fill in the required details.
5. Once the repayment is added successfully, it will be shown on the client's repayments list.
#### Rescheduling the client's loan account :
You can also reschedule the client's loan account by going to **More** → **Reschedule** in your client's loan account selections.