How is the borrowing account supported in TimelyBills?

Modified on Wed, 10 Jul at 12:58 PM

Borrowing accounts in TimelyBills are used to record and manage money or assets that you have borrowed from others. If you take out a loan or borrow money from a friend with an agreement to repay them, you will record this transaction under a borrowing account in TimelyBills. 

Steps to add a Borrowing Account: 

  • Navigate to Dashboard > Accounts.


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


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


  • Enter the contact's name, number, email, and photo of the person from whom you borrowed the money.



  • Provide the current borrowing amount as starting due.



  • Click on the create button to finalize adding the borrowing account."


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


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