Account for loan to son


B

Big Giblets

I've lent some money to my son and I want to track the loan and repayments
in money.
I've set up a simple cash account for this loan and shown the outgoings from
my current account as a transfer into this account. When he starts repaying
me, he will put the money into my current account. What do I do in Money to
show the balance of his debt reducing in the loan account?
TIA
***************************************************
(e-mail address removed)
***************************************************
 
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C

Christopher

Big Giblets said:
I've lent some money to my son and I want to track the loan and repayments
in money.
I've set up a simple cash account for this loan and shown the outgoings
from my current account as a transfer into this account. When he starts
repaying me, he will put the money into my current account. What do I do
in Money to show the balance of his debt reducing in the loan account?
TIA
***************************************************
(e-mail address removed)
***************************************************
Transfer the funds from the loan account to your bank account.
I would probably have used a Bank or Credit account but it makes little
difference.
 
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B

Big Giblets

Christopher said:
Transfer the funds from the loan account to your bank account.
I would probably have used a Bank or Credit account but it makes
little difference.
That works very well, thanks.
Now all I've got to do is get him to pay me back!
***************************************************
(e-mail address removed)
***************************************************
 

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