I use GnuCash for my personal accounting since 2008. As I am not a native English speaker, I struggle with the understanding of some GnuCash manual terms and explanations that I do not use in my daily life. I do not use credit cards and any form of money borrowing. That is why I am asking this question about the situation I have faced.
My current account structure looks like this:
- Banking deposits
- Debit cards
- Interest rate
Say, I give money to someone as an interest-free loan. What type of account should I use/create for this transaction. What type of account should I use when I start to receive my money back in small amounts?