Separate ownership from the account used
Set up each person or entity that lends money, then record its bank or cash accounts. When you add an agreement, choose the legal lender. When recording a cash movement, use the source or receiving account that matches the evidence.
An individual, an HUF and a company can each have distinct records in a lender’s book. Confirm the actual lender from the agreement and keep the account reference with the movement.
Review one lender and currency at a time
Filter the portfolio to the lender and currency you want to review. Keep the same scope for dated balances, activity and any statement you compare against the underlying records.
When reconciling receipts, compare amounts, dates and references with your bank or cash records. The demo shows the source-account workflow with fictional entities and accounts.
One borrower can owe different legal lenders
| Agreement | Legal lender | Cash account |
|---|---|---|
| Loan A | Individual lender | Individual bank account |
| Loan B | Family HUF | HUF bank account |
| Loan C | Private limited company | Company bank account |
These are illustrative record-keeping examples. Use the entity and account on your actual evidence.