Managing Debts (Loans)

Partq.am helps you track personal loans (debts) you've given to friends or family.

Creating a Debt

1. Go to Debts and click New Loan.
2. Select a Borrower (Contact).
3. Set the Amount, Currency, and Dates.
4. Notifications: If the contact has an email, you can enable auto-reminders. These are sent weekly after the due date if the debt isn't fully paid.

Managing Payments

When you receive money back:

1. Open the debt details.
2. Click Add Transaction -> Payment.
3. Enter the amount and date. This reduces the outstanding balance.

Adjustments

Use Adjustments to correct the balance without a real money transfer (e.g., forgiving part of the debt).