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Tagged with bookkeeping loans
2
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2
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Paying extra toward installment loans - is it a prepayment or paying ahead?
If someone has an installment loan with equal, fully amortizing payments, and the borrower pays extra each month, how does the creditor decide whether to apply the extra as a prepayment to principal ...
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Lending money to someone: how to book?
I'm trying my hand at double-entry bookkeeping for my personal finances. While I get the gist, I have trouble with the details. Please bear with me if I use the wrong terminology.
I have lent some ...
