[moneydance] moneydance] Loans

[Ruth Harris]

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

Jayant Murthy wrote:
> I've done it the other way - creating a cash account with a positive balance and reducing from there as they pay back.
>
> Jayant
>
> Message: 8
> Date: Thu, 18 Oct 2007 12:14:09 -0700 (PDT)
> From: Chuck <chuckf410 at yahoo.com>
> Subject: Re: [moneydance] Loans
> To: apastuszak at gmail.com, moneydance-info at moneydance.com
> Message-ID: <34187.86478.qm at web52701.mail.re2.yahoo.com>
> Content-Type: text/plain; charset=us-ascii
>
> Sorry, clicked 'Send' by accident.
>
> When I have loaned money to people in the past, I've created a cash
>  account with a negative balance. Then as I was repaid, built it up to a
>  zero balance.
>
> However I have learned the hard way that if you still want your friend
>  next week, don't lend him money today. I've also heard horror stories
>  about family loans and that is a road I have not had to travel luckily.
>  
> Chuck 
> "It is sometimes a mistake to climb;
> it is always a mistake never even to make the attempt"
>
> ----- Original Message ----
> From: "apastuszak at gmail.com" <apastuszak at gmail.com>
> To: General Discussion related to Moneydance
>  <moneydance-info at moneydance.com>
> Sent: Thursday, October 18, 2007 1:06:48 PM
> Subject: [moneydance] Loans
>
>
> What's the best way to track money that someone borrow from me?  There
>  is no interest involved.
>
>
>
>
>
>
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> ------------------------------
>
> Message: 9
> Date: Fri, 19 Oct 2007 12:44:11 +0200
> From: "Tjalco P. van der Meij" <tpm at muridae.nl>
> Subject: Re: [moneydance] Loans
> To: General discussion related to Moneydance
>     <moneydance-info at moneydance.com>
> Message-ID: <47188A7B.7050202 at muridae.nl>
> Content-Type: text/plain; charset=ISO-8859-1; format=flowed
>
> Greetings
>
> apastuszak at gmail.com wrote:
>   
>> What's the best way to track money that someone borrow from me?
>>     
>   There is no interest involved.
>   
>>   
>>     
>
>     * Open an asset account named "someone"
>     * Book your payment of the loan from the bank with the
>       "someone"account as contra.
>     * Repayments by bank you book to the same account.
>
> The account will always show the balance owing and is counted in your 
> "Net Worth"
>
>