Lending accounts in TimelyBills are used to record and track money or assets that you have lent to others. If you lend money to a friend or family member and expect them to repay you according to specific terms, you will record this transaction under a lending account in TimelyBills.
Steps to add a Lending Account:
- Navigate to Dashboard > Accounts.
- Click on the (+) icon to add an account.
- Choose 'Lending' account and click on the next button.
- Enter the contact's name, number, email, and photo of the person who owes you money.
- Provide the current lending amount as starting balance.
- Click on the Create button to finalize adding the lending account.
- Once created, this account will be shown as part of your Cash group.
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