Question regarding personal loans and paying expenses
Christopher Scott
wabe5 at yahoo.com
Sat Jul 3 12:14:21 EDT 2004
Any help on this is very much appreciated.
I have loaned money to a person. Let's say the outstanding balance is
$1000.
I have a recurring monthly expense. Let's say this expense is always
$50.
Let's also say that I track this person's checking account in Gnucash.
In Gnucash, how do I represent this? I tried doing something like
Expenses:Monthly $100CR
Assets:Loan $100DB
but that leaves out the removal of $100 from the checking account.
If I try to account for it as follows:
Expenses:Monthly $100CR
Checking $100DB
then the loan doesn't get properly credited.
Thank you.
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Christopher Scott
wabe5 at yahoo.com
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