Lending Money

10 views
Skip to first unread message

Brandon A. Olivares

unread,
Jul 1, 2022, 8:18:51 AMJul 1
to hle...@googlegroups.com
Having trouble finding this exact situation in any online documentation.

My mother borrowed some money from me and will be paying me back over the next few months. I want to keep track in hledger exactly what she borrows and what she's paid back.

I think a loan being given is an asset, right? But I'm not sure how to set up the transaction. Is it just a transfer from Assets:Bank to Assets:Loan? How about when she pays a portion back?

Thanks,
Brandon

Dániel Fancsali

unread,
Jul 1, 2022, 8:41:50 AMJul 1
to hle...@googlegroups.com
Hello,

Yes, that's another form of your assets; it's just it's not immediately accessible to you...

Traditionally you'd do something like this:

2022-07-01 Lending a grand to Mom
Assets:Accounts Receivable:Loan to Mom  $1000
Assets:Current:Bank Account

2022-08-01 Mom repaying loan
Assets:Current:Bank Account  $250
Assets:Accounts Receivable:Loan to Mom

... and another 3 like that.

After the fourth the balance of Assets:Accounts Receivable:Loan to Mom should be 0; so probably the last entry looks something  like this:
2022-08-01 Mom repaying loan
Assets:Current:Bank Account  $250
Assets:Accounts Receivable:Loan to Mom  =$0

Regards,
Dan

--
You received this message because you are subscribed to the Google Groups "hledger" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hledger+u...@googlegroups.com.
To view this discussion on the web visit https://groups.google.com/d/msgid/hledger/82FA2E35-3D44-4931-959C-0B682FD59EAF%40gmail.com.

Francesco Ariis

unread,
Jul 1, 2022, 8:57:33 AMJul 1
to hle...@googlegroups.com
Hello Brandon,

Il 01 luglio 2022 alle 08:18 Brandon A. Olivares ha scritto:
> Having trouble finding this exact situation in any online documentation.
>
> My mother borrowed some money from me and will be paying me back over the next few months. I want to keep track in hledger exactly what she borrows and what she's paid back.

First thing when I write a transaction is to start from “concrete”
stuff, so unmistakable “money movements”.
In this case, when you lend money, your wallet getting is slimmer.

01/07/2022 Loan to mum
Assets:Cash EUR 100
???

> I think a loan being given is an asset, right? But I'm not sure how to set up the transaction. Is it just a transfer from Assets:Bank to Assets:Loan? How about when she pays a portion back?

Indeed you are correct, the “I Owe You” is an Asset

01/07/2022 Loan to mum
Assets:Cash EUR -100
Assets:Loans:Mum
; Adding the name of the person (technically:
; “Auxiliary”) will make it easier to know at
; a given point which repayments have been made
; and how much she still owes you.

Now say in a month your mum pays back 10€

01/09/2022 Repayment
Assets:Cash EUR 10 ; again we start with cash
Assets:Loans:Mum

And `hledger` reports will display `90 Eur` in `Assets:Loans:Mum`.
There is some additional consideration in case of paying back interests,
but this is not the case, right?
Let us know if this helped and happy hledgering
—F
Reply all
Reply to author
Forward
0 new messages