Managing Debts and Loans

The program has a tool for managing debts and loans called Loans. You can borrow and lend money, and it will be reflected and displayed in the program.

Interface Overview

1. Click here to open the Loan manager.
2. List of debts and loans. Items can be grouped by categories, family members and contractors.
3. Total sum of all debts and overall balance, including debts.
4. View Settings. Here you can select columns to display, customize their order and choose to show (or hide) paid loans.
5. Manage a group of debts by categories, family members and contractors.
6. Manage debts (edit, delete, borrow, or lend money).

Managing Debts

When you borrow or lend money, the relevant amount will be credited or debited from the selected account. If you borrow money not in cash, but to purchase, for example, a car, this transaction (crediting the borrowed amount to the account) can safely be deleted.

You can pay the debt from any account in any currency (you’ll need to specify the exchange rate). For this, there is a special type of transaction - Loan repayment. You can pay a sum greater than that which was borrowed. In this case the overpaid amount is shown in percents and graphically.

Creating and Setting Up a Loan

1. Short name and description of a loan.
2. Account to be credited with the sum of the loan (then this transaction can be removed if the loan was taken not in cash)
3. Sum of loan in account currency.
4. Date of receiving money.
5. Date of expected payment.
6. Category, family member and contractor (a way to divide and group loans).
7. Transactions related to paying a loan. Once a new record about the loan is saved, it will be possible to add and edit payment.
8. Buttons for managing payments (add, edit and delete)
9. Check this box if you want to see information about the debt on the first screen of the program (Overview tab)