Direct answer

Create a separate loan record for each borrowed or lent arrangement, enter the original terms, and update the remaining balance after each confirmed repayment.

At a glance

• Choose borrowed or lent correctly.
• Use the agreed due date.
• Update the status only when the balance changes.

Step-by-step method

1. Open the loan section. Choose to add a borrowed or lent record.
2. Enter the parties and amount. Save the person, title, amount, currency, and original date.
3. Add repayment terms. Record due date, installment count, interest rate if applicable, and notes.
4. Update remaining balance. Reduce the balance after actual payments rather than promised payments.
5. Use status consistently. Mark records active, overdue, settled, or archived based on their real state.

Practical example

For PKR 30,000 lent to a relative in three installments, record the full amount and reduce the remaining balance after each PKR 10,000 payment is received.

Put this into practice

Apply the guide first with one real record or a small test category, then confirm that totals, dates, permissions, and reports look correct before entering a larger history. Keep exports securely, use descriptive names, and give family access only to people who genuinely need the shared information.

• Start with open the loan section and write down the result.