iCash and money lending, add the transactions properly and keep control over it!
So you have lent an amount of money to a friend and you are interested in reflecting the exact transactions in iCash . It is easy but it requires several steps you need to understand well. You have to create your lending account first, as a portfolio account as it is an investment. Once done you have to create a starting transaction from your checking account to that lending account. That transaction represents the money transfer between you and the borrower: For this example let say the borrower will give you the money back in 12 months with an annual interest of 5%. First payment will be enterred that way: where 'Interests' is an account of type 'Incomes' you have to create as well so you can gather the interests. Why 2 transactions? Simple, just to keep track of incomes. You could simply create a single transaction from the borrower to your Bank account but if you do that you will end with a negative Borrower account and no trace of incomes. Note that you...