What would be the right category for the loan payment that I personally loan to an individual?
The funds I lend to an individual was from the bank that I personally borrowed. I am not earning any interesting from it but the bank. Basically, I borrowed the funds for this individual and he/she is paying the monthly payments to me. Then transfer this payments to pay the loan every month. Whatever the loan payment for the balance is what exactly I am receiving. I just don't know how to categorize the payment I am receiving from this individual. I really appreciate your input.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.