[moneydance] moneydance] Loans

[Jayant Murthy]

I've done it the other way - creating a cash account with a positive balance and reducing from there as they pay back.

Jayant

Message: 8
Date: Thu, 18 Oct 2007 12:14:09 -0700 (PDT)
From: Chuck <chuckf410 at yahoo.com>
Subject: Re: [moneydance] Loans
To: apastuszak at gmail.com, moneydance-info at moneydance.com
Message-ID: <34187.86478.qm at web52701.mail.re2.yahoo.com>
Content-Type: text/plain; charset=us-ascii

Sorry, clicked 'Send' by accident.

When I have loaned money to people in the past, I've created a cash
 account with a negative balance. Then as I was repaid, built it up to a
 zero balance.

However I have learned the hard way that if you still want your friend
 next week, don't lend him money today. I've also heard horror stories
 about family loans and that is a road I have not had to travel luckily.
 
Chuck 
"It is sometimes a mistake to climb;
it is always a mistake never even to make the attempt"

----- Original Message ----
From: "apastuszak at gmail.com" <apastuszak at gmail.com>
To: General Discussion related to Moneydance
 <moneydance-info at moneydance.com>
Sent: Thursday, October 18, 2007 1:06:48 PM
Subject: [moneydance] Loans


What's the best way to track money that someone borrow from me?  There
 is no interest involved.






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------------------------------

Message: 9
Date: Fri, 19 Oct 2007 12:44:11 +0200
From: "Tjalco P. van der Meij" <tpm at muridae.nl>
Subject: Re: [moneydance] Loans
To: General discussion related to Moneydance
    <moneydance-info at moneydance.com>
Message-ID: <47188A7B.7050202 at muridae.nl>
Content-Type: text/plain; charset=ISO-8859-1; format=flowed

Greetings

apastuszak at gmail.com wrote:
> What's the best way to track money that someone borrow from me?
  There is no interest involved.
>   

    * Open an asset account named "someone"
    * Book your payment of the loan from the bank with the
      "someone"account as contra.
    * Repayments by bank you book to the same account.

The account will always show the balance owing and is counted in your 
"Net Worth"

-- 
Regards,
Tjalco P. van der Meij
presently at:
Burg. Bloemersstraat 8
7271DC Borculo
the Netherlands
+31-545-273522



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