Record the money from a loan
- Add the Loan account with the amount you owe.
- Under Loan money went into, pick the account it was paid into. I record it as a transfer, so it isn't counted as income.
- Bought something with it directly, like a car? Leave that empty, add the purchase as an expense on the loan, then add the loan details or Split it.
In the app: Open Accounts
More in People, loans and assets
- Track money you lend or borrow
- Pay someone back (or get paid back) in parts
- Pay back more than you owe
- Write off or forgive a debt
- Add a car (or anything) bought with a loan
- A loan with a big final (balloon) payment
- Record loan payments automatically
- Pay extra on a loan or pay it off early
- Add a late fee or penalty to a loan
- See your debt, payoff and interest
- Let a car's value drop each year
- Add yearly costs like car insurance and registration
- Record selling or trading in a car