How is the lending account supported in TimelyBills?

Modified on Wed, 10 Jul at 12:50 PM

Lending accounts in TimelyBills are used to record and track money or assets that you have lent to others. If you lend money to a friend or family member and expect them to repay you according to specific terms, you will record this transaction under a lending account in TimelyBills. 

Steps to add a Lending Account: 

  • Navigate to Dashboard > Accounts.

  • Click on the (+) icon to add an account.

  • Choose 'Lending' account and click on the next button.

  • Enter the contact's name, number, email, and photo of the person who owes you money.

  • Provide the current lending amount as starting balance.

  • Click on the Create button to finalize adding the lending account.

  • Once created, this account will be shown as part of your Cash group. 

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