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iCash and money lending, add the transactions properly and keep control over it!

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So you have lent an amount of money to a friend and you are interested in reflecting the exact transactions in iCash. It is easy but it requires several steps you need to understand well.

You have to create your lending account first, as a portfolio account as it is an investment. Once done you have to create a starting transaction from your checking account to that lending account. That transaction represents the money transfer between you and the borrower:



For this example let say the borrower will give you the money back in 12 months with an annual interest of 5%. First payment will be enterred that way:



where 'Interests' is an account of type 'Incomes' you have to create as well so you can gather the interests.

Why 2 transactions? Simple, just to keep track of incomes. You could simply create a single transaction from the borrower to your Bank account but if you do that you will end with a negative Borrower account and no trace of incomes. Note that you can group those 2 transactions together to match your Bank statement. Use the 'Transaction | Group' menu:



After payment 12th you will have the following balance:

- My checking account: +10,000.00
- My Borrower: 0.00
- Interests: 272.84

Note that the calculation has been made with our Loan Calculator Loan Calc
iCash is a Personal Finance Application available for Mac and Windows in 8 different languages. You can get iCash here.


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Stan Busk Stan Busk
March 1, 2014




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Stan Busk If you want to make the most of the software that you have acquired at Maxprog, do not miss the Stan's Blog. It is a library of Tutorials and Tips covering specific features and tipical problems you may have when using our tools. This page is updated regularly depending on the topics discussed in our public forums and issues reported thru our HelpDesk. If you are interested on what we are currently working on (or want to participate in beta testings) don't miss the Stan's Logbook.
For years, MAX Programming has provided companies around the globe with sophisticated and innovative solutions. Our commitment to quality is not only evident in our products, but also in our people. It is our mission in Professional Support Services to ensure that our products perform to the fullest of their ability in order to meet the business objectives of our customers. We provide the tools and information required for improved productivity. To accomplish this, we offer an array of services including: Technical Support, Education Services and Consulting Services.

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iCash is a software intended to control your personal finance, keeping track of incomes, expenses, credits, debts and Banks transactions for you. As simple as creating the accounts you need and move money between them! You don't even need to know about accounting or even care about it! Your finances depends largely on good organization that lets you know where your money comes from and to where it goes.

iCash is an easy-to-use, full featured and multi-purpose Personal Finance Manager tool for macOS and Windows intended to help you control all kinds of money issues. iCash can serve several small accounting needs for either private users, or clubs, associations, self-employed, small businesses or simply to be used at home, making keeping track of incomes, expenses and Banks transactions a snap.

With a few clicks you can begin creating accounts and making transactions in minutes. iCash is versatil and user-friendly. For this reason it doesn't use the principle of double-entry bookkeeping making it much easier to be used by people with very little or no accounting knowledge at all.

Simply create accounts for all your expenses, incomes, Banks... and start moving money between them! iCash will then allow you to find out where all your money comes from and where it goes. All accounts are well organized according to user-defined categories and built-in types so reports can be tailored to include all records or only ones meeting specified criteria.

Cash also allows you to have as many money manager documents as necessary so you can control almost anything from Clubs, associations, home and so on at the same time.

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