I took out a bank financing facility for my business — how do I actually book it?

A bank loan is booked as a liability at the amount actually drawn, with interest accrued monthly using the effective interest method under IFRS 9 — not simply the nominal rate quoted in the facility letter. That distinction matters whenever there are arrangement fees or an issuance discount, since it spreads the true cost of financing across the loan's full term rather than loading it in one period.

Balance sheet classification as current or non-current turns on your contractual right to defer settlement for at least 12 months from the reporting date — not on how you actually intend to repay. If the facility carries covenants, such as a debt-to-equity ratio or a minimum working-capital level, that must be complied with on or before the reporting date, a breach of those covenants pushes the entire loan into current liabilities — even if its original maturity is years away — unless the lender grants a waiver before the reporting date with at least a 12-month grace period. Disclosure of the covenants themselves and the risk of breach is separately required under IFRS 7. RASEEKH reviews financing agreements before period-end so loan classification and disclosures are right the first time, not corrected after audit.