[moneydance] moneydance] Loans

[Chuck]

It's fun to watch professionals in other fields cringe like that:)

Seriously, my brain has never matched the words 'loan' and 'asset' together. Setting it as a negative cash account seemed best as that is where the original funds came from, the cash account. 
 
Chuck 
"It is sometimes a mistake to climb;
it is always a mistake never even to make the attempt"

----- Original Message ----
From: Ruth Harris <starshiphome at inboxemail.com>
To: General discussion related to Moneydance <moneydance-info at moneydance.com>
Sent: Friday, October 19, 2007 1:16:30 PM
Subject: Re: [moneydance] moneydance] Loans


You people do realize that using a cash account for the loan is giving 
us bookkeepers and accountants the heebee jeebies, right? ;-)

Repeat after me - loan receivable asset account, loan receivable asset 
account, loan receivable asset account......

Ruth





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