How is the borrowing account supported in TimelyBills?

Borrowing accounts in TimelyBills are used to record and manage money or assets that you have borrowed from others. If you take out a loan or borrow money from a friend with an agreement to repay them, you will record this transaction under a borrowing account in TimelyBills. 

Steps to add a Borrowing Account: 

• Navigate to Dashboard > Accounts.

• Click on the (+) icon to add an account.

• Choose 'Borrowing' account and click on the next button.

• Enter the contact's name, number, email, and photo of the person from whom you borrowed the money.

• Provide the current borrowing amount as starting due.

• Click on the create button to finalize adding the borrowing account."

• Once created, this account will be shown as part of your Loan group.