loan explanation

T. Howell-Cintron lists at kathera.com
Fri Sep 11 18:24:56 EDT 2009


I've tried following the guide and documentation but get lost along the
way because of the complications involved in dealing with interest and
the accumulation of assets.  I'm hoping someone on the list can set me
straight.

The situation is this:

I've been given a $1000 loan, interest free, and that I'm to repay at my
leisure.  This transaction took place before I started using GC.  At any
point I may borrow even more money from the same source.

I would like to track my payments from Assets:Checking to the loan,
Liabilities:Loan, but I'd also like to track how the money loaned was
spent (ie, $100 goes to Expenses:Computer).  I'd like to know how much I
owe on the loan at a glance.  And, as I said, I'd like to have the
ability to add more to the loan on-the-fly.

I created the Liabilities:Loan and entered an increase of $1000, but
then suspected it should have been a decrease of $1000, and still
couldn't figure out where to attribute the transfer from.  Do I need a
special Equity:Opening Loan Balance or something?

I've been tinkering with this for a while and have yet to come up with a
working solution, so I hope someone on the list will forgive my daftness
and point me in the right direction.

Warm regards,
Tom Howell-Cintron


More information about the gnucash-user mailing list