[moneydance] Issuing loans

[Tjalco P. van der Meij]

Hi,

jfcoussirat wrote:
> As a newbe I'm uncertain how to track the following in Moneydance.
>
> I somewhat regularly purchase items for others on my credit card and 
> they pay me back.  I set up a "reimburse" category but am unsure how to 
> offset it with payments from those others. 
>
> In the same vein, if I loan an individual money, how best to track their 
> payments?
>   
The category you call "reimburse" would be better named  "CC debtors" 
and should be created as an "asset".
The sub accounts of this category should bear the names of the persons 
concerned.
e.g. Fred Bloggs. When you pay something with your card on behalf of 
Fred you then use his named account as the contra for your credit card 
entry.
When he pays you back by bank you then use his named account again as 
the contra of the bank account entry.
That way you can also easily keep track of what Mr. Bloggs owes you at 
any time and use it as the basis for possible interest calculations.

-- 
Regards,
Tjalco P. van der Meij
presently at:
"Vasarnamis"
Le Galame, 
Les Castilloux de Nantheuil
24800
France
+33-5-53524218