Lend / Refund money

HomeBank User manual

# Using the Remind status to follow up lend/refund money

When you lend money to someone or someone lent you money, you need to remind or track and remind this.
The Remind status of the transaction was designed for that. When a transaction is set to that status it will:

- always be displayed into the register listview (until you force not to)
- will not be counted for balance, report and other stuff, as this transaction is a remind and not already a real transaction

Let's take an example on a way (there is others) to manage that.
So let's say you lend 50 £ to your best friend John Doe today Jan 1, 2000. You can have a dedicated transaction for that or this can be part of an overall transaction (if you pay for a group of friends/the whole family):

### Step 1: Create the remind transaction

Register one or several Remind transaction per payee with:

Date | 01/01/2000
Payee | John Doe
Category | Friend:debt/loan or Family:debt/loan
Amount | +50 £
Info | 01/01/2000
Status | Remind
Memo | payback for the restaurant

Do the same for any other lend you make that day or others days

### Step 2: Follow up your remind transaction

As the Remind transaction are always visible, you can see it into the register. In a near future I will add a synthesis in the main HomeBank window.

Using the report, you can easily track if the payee is at equity or not

### Step 3: At payback, change remind to a real transaction

At last when you get money back, you just change the transaction status to cleared or reconciled and setup the payback date:

Date | 13/01/2000
Payee | John Doe
Category | Friend:debt/loan or Family:debt/loan
Amount | +50 £
Info | 01/01/2000
Status | Cleared
Memo | payback for the restaurant

You can change the category as well, add tags, or whatever suit your needs

### Final note

This is a way of doing such tracking, some people reported using some accounts and internal xfer as well for complex tracking.