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13.52

Cash loan accounts

13.52 Cash loan accounts

The place to file processed statements and other formal paperwork for any cash accounts that you owe money to.

Overview

You owe someone money because they lent you money.

After payments are processed, file the records here using the year-month method so everything sorts neatly. And subfolder by account issuer.

Examples

Credit card; mortgage; line of credit; overdraft; promissory note; commercial bill/bill of exchange; any other formal cash loan; refinancing paperwork; any form of investor financing that must be repaid.

Also see

If an investor also receives equity, manage that in 13.64.

Further reading

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