How to keep track of debts and loans and track progress in payments in the app
Open the Loans tab. On the left side we see a list of debts and credits and on the right - payments for the selected loan.
Adding a credit or debt
Let's add a new loan. You can borrow or lend money. First you need to enter a short description and the amount. Then select a target account if you take a credit, or a withdraw account if you lend money. If you don't get cash when you take a credit, don't select an account, but select a currency.
You can then specify the interest rate and crediting period. The amount payable is calculated using a standard formula and the result may differ from the amount provided by the bank. In this case, the amount payable must be adjusted.
Repaying the loan
Select a loan to add a payout transaction. Loans can be paid from any account and in any currency (you only need to specify the exchange rate). You can also set a schedule so the payments will be added automatically.
Replenishment of the loan
Loan can be replenished. The amount payable will be increased by the amount of the transaction.
If the loan is paid, you should mark it with the corresponding checkmark. The paid loans can be hidden.