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Old 12-28-2003, 02:23 AM
Tod DeBie
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Posts: n/a
Default Re: Personal loan

The problem with that is that the liability account will not track interest
properly.

Tod

"Gary A. Chojnowski" <gary[at]noxia.com> wrote in message
news:%23baHI1KzDHA.1856[at]TK2MSFTNGP09.phx.gbl...
- quote -

> Try creating a new liability account worth 1,000 for the loan you owe to
> your friend. Transfer the money from the liability account to your
> cash/checking account.
> Gary
> "Tod DeBie" <tod_debie[at]hotmail.com> wrote in message
> news:rz2Hb.28424$Vs3.17746[at]twister.socal.rr.com...
> > A friend gave me a personal loan of $1,000.00. How do I enter and track

> the
> > loan without it showing as income?
> > > Tod

>

 
Old 12-27-2003, 06:11 PM
Gary A. Chojnowski
Guest
 
Posts: n/a
Default Re: Personal loan

Try creating a new liability account worth 1,000 for the loan you owe to
your friend. Transfer the money from the liability account to your
cash/checking account.


Gary

"Tod DeBie" <tod_debie[at]hotmail.com> wrote in message
news:rz2Hb.28424$Vs3.17746[at]twister.socal.rr.com...
- quote -

> A friend gave me a personal loan of $1,000.00. How do I enter and track
the
> loan without it showing as income?
> Tod



  #-1  
Old 12-26-2003, 09:25 PM
Tod DeBie
Guest
 
Posts: n/a
Default Personal loan

A friend gave me a personal loan of $1,000.00. How do I enter and track the
loan without it showing as income?

Tod


 

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loan, personal
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