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#1
04-02-2006, 03:28 AM
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 Re: New account - Loan "dioxide45" <dioxide45[at]yahoo.com> wrote in message news:dVHWf.10313$tN3.3510[at]newssvr27.news.prodigy.net... - quote - > I would set it up as an asset account. When you receive a payment on the
Thanks> loan, you would tranfer the amount out and in to your savings/checking > account in that amount. If there is interest received with the payment you > would set a split trans in the receiving account with the a tranfer out of > the asset account and interest income as the other split. Marcus |
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03-30-2006, 03:04 AM
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| Re: New account - Loan I would set it up as an asset account. When you receive a payment on the loan, you would tranfer the amount out and in to your savings/checking account in that amount. If there is interest received with the payment you would set a split trans in the receiving account with the a tranfer out of the asset account and interest income as the other split. Jer "Marcus Fox" <please-reply-via-newsgroup-th[at]-i-posted-to.com> wrote in message news:TiZVf.40620$zr.26822[at]newsfe7-gui.ntli.net... - quote - > I lent some money to someone. Seems to me that this should be put in as a > Loan account - except there will be no regular payments or interest > charged - for the time being at least. I would like to consider the loan > balance as an asset, and all repayments to me being treated as transfers > from this account to another, rather than income. How would I go about > setting up an account such as this? > Marcus |
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#-1
03-27-2006, 10:03 PM
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| New account - Loan I lent some money to someone. Seems to me that this should be put in as a Loan account - except there will be no regular payments or interest charged - for the time being at least. I would like to consider the loan balance as an asset, and all repayments to me being treated as transfers from this account to another, rather than income. How would I go about setting up an account such as this? Marcus |
| Tags |
| account, loan |
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