I loaned some cash to a friend and set up a transfer from his checking account to my checking account (we both use the same credit union).
Anyone (RC?) got a good method to track the balance. I could set up a asset or liability account in Q for the initial balance, but his money is actually going into my checking account, so I am
1 - not sure what type of account this would even be? 2 - how to manipulate the deposit so that it as gets into my checking account via OSU somehow I can also create (another transaction?) to use that payment to decrease (or increase) the tracking account.I just wonder if there is some way to use transfers easily for both the payment as well as the tracking of the balance. Else, I can just manually remember to enter a payment into the tracking account, but that is another step.
Hope this is clear?