Hi all, First time here, so please excuse my accounting ignorance. Whilst I understand some of the GnuCash basics, I have a problem which I’m hoping I can get some help on. I’m currently residing overseas and we employ a staff member. This person has asked for a personal loan, which I have given, paid by cash from my bank account I shall use generic amounts for the details.
This person is paid a total 600.00 per month, split 300.00 paid on the 11th and 25th of each month. The loan is for 2000.00 with 250.00 repayable on the 25th of each month for 8 months. I do not charge interest. So on the 11th of the month she receives 300.00 and on the 25th 50.00 cash with 250.00 being for the loan repayment. My question is: how do I enter this in GnuCash? I already have a bank account and have set up a ‘money owed’ account as an asset which shows the 2000.00 owing. I have also set up a ‘loan repayment’ account as income. Hopefully someone can advise me the particular steps I need to follow for what entries go where, particularly in regards to the 25th of the month items. Cheers Sent from Mail for Windows 10 --- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
