I have lent monies to a family member and now wish to track the balances on an
ongoing basis. I have been looking at the guides etc but just cannot
understand the concept / account hierarchy given my circumstances.
The software I am using is:
* Version: Version: 4.1, Build ID: 4.1+(2020-07-25)
* Windows 10
My location/currency is:
* GBP, UK Based
My Gnu Cash account setup is:
* I have a cheque account
* I have a savings account 1
* I have a savings account 2
* Plus others.
My use case is:
* It will be an interest free loan
* My family member has borrowed £2000
* Loan taken from Savings account 1 into
* Cheque Account then electronically bank transfer
* To family member bank account.
* A repayment is made each month
* The family member transfers a set amount, say £100. This is
electronically deposited into my bank Cheque account
* To date, I have electronically bank transferred monies into Savings
Account 2 and updated gnu cash
* I have no immediate report of monies repaid / outstanding.
My preferred outcome:
1. To track the Principal amount of £2000
* To track each payment into my Cheque Account from family member -
normally monthly (once bank transactions have been uploaded into gnu cash)
* To understand how much has been paid - to date
* To understand how much is outstanding
* To transfer each repayment into Gnu cash Savings account 2 and bank
account
* To be able to get reports on the above.
Given the above, I would be most grateful if you can advise what account
hierarchy / transaction splits etc I need in Gnu cash to support the above?
I thank you for your time and support.
Regards
John Mansfield
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