tracking personal loan/advances given to friends

08-07-2005, 03:07 PM

Create an Asset account called "Loans to Friends" and transfer (not income
or expense) any loans you have made to that account. When you receive
payment, transfer the funds back.

--

"srini" <srini[at]discussions.microsoft.com> wrote in message
news:E223D712-3421-41C9-8104-83B6C7DF1B58[at]microsoft.com...
- quote -

> Hi
> I have given money to friends and family as personal loans. Wondering how
> to
> keep track of these accounts?
> thanks
> sri

#-1 08-07-2005, 01:56 PM

Hi

I have given money to friends and family as personal loans. Wondering how to
keep track of these accounts?

thanks
sri

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