amortize and automatically enter payments for a loan that I make to a third party

lkeppeljunk's Avatar

lkeppeljunk

09 Jun, 2021 07:23 PM

Is there a way to amortize a loan that I make to a family member that will automatically distribute a monthly payment that they make to me into interest income and principal amounts? I know a Loan Account can do that when I take out a loan from a bank, but what about when I am the Loaner? Currently I have an amortization schedule set up in Google Sheets, but I still have to enter each payment with splits between interest and principal manually.

Thanks!

  1. System closed this discussion on 08 Sep, 2021 07:30 PM.

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