Manage legal lenders and their bank or cash accounts
Separate the person or entity lending the money from the accounts used to disburse and receive it.
Identify who legally lends the money
The legal lender owns the agreement. Husband, Wife, HUF and Company can be separate lenders in one workspace. A bank account nickname does not create or change that ownership.
Create the lender with owner access
In Bank and cash, use the legal-lender setup available to the owner. Enter the lender name and legal category, review and save. Existing unclassified lenders keep their original details; their category is not guessed.
Add the lender’s accounts
Create each bank or cash account with its lender entity, currency and Kind. For example, Husband’s Axis and HDFC accounts belong to the same lender when both are owned by Husband. Use masked account identifiers.
Choose the lender before the source account
When adding a loan, select the legal lender first. The account list is filtered to that lender. Check currency as well. A payment uses an account of the loan’s lender and the same currency.
Correct setup through the supported controls
Owners can edit descriptive account details and archive or reactivate accounts. Ownership, currency and kind are fixed after creation: archive an incorrect account and create the right one. Preserve accounts referenced by history.
Check your result
- Every loan retains the intended legal lender.
- Each account belongs to the correct lender and currency.
- No cross-lender credit or payment is treated as an ordinary allocation.