Where to Set Creditors and Debtors ?

Practical tips to manage your personal finance effectively. Please share your suggestions with mmex community.

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benko
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Where to Set Creditors and Debtors ?

Post by benko »

Hallow ALL !,
Where do i set Creditors and Debtors, If i have individuals who borrow money for short term and vice versa and i want to monitor these.
sterling
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Re: Where to Set Creditors and Debtors ?

Post by sterling »

You could create an account for them, and transfer money to them.  Then when that account balances, they've paid up.
sajidmansoori
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Re: Where to Set Creditors and Debtors ?

Post by sajidmansoori »

Initially I was in the same dilemma but created these accounts under "Loans" category. Positive balance means receivable and negative balance means payable. :)
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