YC wrote:
- quote -

You can open an entirely new account for this specific item under
Accounts Receivable, such as: Friends A/R, or Debts to Collect, etc.

YC wrote:
- quote -

You can open an entirely new account for this specific item ander
Accounts Receivable, such as: Friends A/R, or Debts to Collect, etc.

In microsoft.public.money, YC wrote:

- quote -

That is a good and proper method, especially if you expect to be
paid back. You could have one such account for each friend.

Hi all,

Which account type should I use to entry/track the money that I lend to my
friends? I was recently using Asset account tpye for this kind of
transaction. Is this the right method?
Thanks.