tag:infinitekind.tenderapp.com,2009-01-14:/discussions/investments/7514-loaned-moneyInfinite Kind: Discussion 2023-05-08T18:00:23Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/578258722023-02-04T21:40:32Z2023-02-04T21:40:32ZLoaned money <div><p>Create an asset account called loan.<br>
Put txns to/from that account to create the debt owed and repayments. To/from the bank account that you are making payments / receiving repayments to/from.</p></div>Stuart Beesley (Mr Toolbox)tag:infinitekind.tenderapp.com,2009-01-14:Comment/578258722023-02-04T23:15:01Z2023-02-04T23:15:02ZLoaned money <div><p>Thank you very much<br>
On Saturday, February 4, 2023 at 02:40:30 PM MST, Stuart Beesley (Mr Toolbox) <a href="mailto:tender+dd6a7a4372@tenderapp.com">tender+dd6a7a4372@tenderapp.com</a> wrote:</p>
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<p>More on this...see<br>
<a href="https://infinitekind.tenderapp.com/discussions/general-questions/13630-loan-to-friends-and-family-etc">https://infinitekind.tenderapp.com/discussions/general-questions/13...</a></p>
<p>IMHO, Making it a asset is not actually correct, accounting-wise.I would<br>
suggest make it a "Bank" as in a CD {this is more like an account<br>
receivable) rather than an asset. An "asset" can be "sold", a loan to a<br>
person is the same as a CD to the bank....it can be redeemed, or charged<br>
a penalty (in this case, to "write off" any missed payments).</p>
<p>Otherwise, for your consideration. [note that the repayments are<br>
transfers, and not categories that might show up as income.</p></div>sprimosttag:infinitekind.tenderapp.com,2009-01-14:Comment/578258722023-02-05T03:52:28Z2023-02-05T03:52:29ZLoaned money <div><p>Thank you very much.<br>
On Saturday, February 4, 2023 at 07:18:05 PM MST, sprimost <a href="mailto:tender+dd6a7a4372@tenderapp.com">tender+dd6a7a4372@tenderapp.com</a> wrote:</p>
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dhs<br>
On Saturday, February 4, 2023 at 02:40:30 PM MST, Stuart Beesley (Mr Toolbox) <a href="mailto:tender+dd6a7a4372@tenderapp.com">tender+dd6a7a4372@tenderapp.com</a> wrote:</p>
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