> ## Documentation Index
> Fetch the complete documentation index at: https://docs-cbf.growthtak.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Payments & loans

> Record money paid to and from contacts, settle GC, and track farmer loans.

<Note>
  The **Payments** screen appears only when the **Payment module** is enabled in [Company Settings](/setup/company-settings). Loans need the **Loan module**.
</Note>

GrowTak can track the money flowing between you and your contacts — paying farmers their GC, paying suppliers, receiving from traders, and recovering loans.

## Recording a payment

Go to **Transactions → Payments → New**.

<Frame caption="Recording a payment.">
  <img src="https://mintcdn.com/devharish/Guknf5aI_f54kcia/images/guide/06-lifting-gc/payment-create.png?fit=max&auto=format&n=Guknf5aI_f54kcia&q=85&s=1d2c591ef7f661f8b435a163fb639a02" alt="Payment create form" width="1440" height="900" data-path="images/guide/06-lifting-gc/payment-create.png" />
</Frame>

| Field                     | Notes                                                                                                      |
| ------------------------- | ---------------------------------------------------------------------------------------------------------- |
| **Contact**               | The farmer, supplier, or trader.                                                                           |
| **Date**                  | Defaults to today.                                                                                         |
| **Amount**                | The payment amount (₹).                                                                                    |
| **Payment method**        | *Cash*, *Bank Transfer*, *Cheque*, or *UPI*.                                                               |
| **Reference number**      | Shown for cheque/bank/UPI — the cheque no., UTR, etc.                                                      |
| **Batch**                 | *(Farmers)* optionally link the payment to a batch, e.g. a GC settlement.                                  |
| **Loan deduction amount** | *(Farmers)* part of the payment that repays a loan rather than being paid out. Must not exceed the amount. |
| **Remark**                | Optional.                                                                                                  |

A payment's **direction** is automatic — money **in** from a trader (customer), money **out** to a farmer or supplier.

## Receipts

Each payment can print a **Receipt** (the printer action in the list), showing your company header, the contact, amount, method, reference, and any linked batch/loan deduction.

<Frame caption="The Payments list, with per-row Receipt action.">
  <img src="https://mintcdn.com/devharish/Guknf5aI_f54kcia/images/guide/06-lifting-gc/payments-list.png?fit=max&auto=format&n=Guknf5aI_f54kcia&q=85&s=11de3ae50b3178b0f00b8e5c8bb88e48" alt="Payments list" width="1440" height="900" data-path="images/guide/06-lifting-gc/payments-list.png" />
</Frame>

## Loans & repayments

With the **Loan module** on, you can advance money to farmers and track it:

* A **Loan** record increases what the farmer owes.
* A **Repay** record (or a payment's **loan deduction**, or a [GC](/lifting-gc/gc-calculation) deduction) reduces it.
* A farmer's **outstanding** is total loans − total repayments.

When you save a GC with a **Payment Deduction**, GrowTak creates the matching repayment automatically, so the loan balance always reflects GC recoveries.

## Settling the GC

After [calculating and saving a batch's GC](/lifting-gc/gc-calculation), pay the farmer the **GC payable**. You can:

* Record a **payment** to the farmer linked to the batch, **or**
* Use **Mark as paid** on the [GC Paid report](/reports/gc-reports), which records the GC payment and sets the batch's GC status to **Paid**.

<Tip>
  Reconcile regularly with the **Outstanding** and **Loan** [reports](/reports/financial-reports) so you always know what's owed to and by each contact.
</Tip>