[moneydance] Loans to Others

Tom Albrecht III talbrech at speakeasy.net
Sat Dec 30 15:31:24 EST 2006


stephan at coxhome.net wrote:
> I create an Asset account called "Due From" and then sub-accounts under that to fit my needs.  If it is a relative that is consistently borrowing money, I will create a sub-account with their name as the account name. I have a general purpose sub-account named "Others" to track other random loans.
>   
That's what I'm currently doing.

Even though MD has a great interface for setting up loans from others 
(like a mortgage), including putting in the APR, payments per year, 
etc., what I find odd is that these terms are almost always dictated by 
the lender, not the borrower.  The interface is almost trivial., as 
there's not really any reason to calculate loan terms, since the terms 
and payments will be given to me by the lender.

However, when I loan the money out to someone else, I'd *love* to be 
able to use that interface to set up their payment plan automatically.

tca iii



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