Loan to family via a c/card payment
Hi, wonder if anyone may be able to assist. I have a tracking account holding a positive balance equal to the money previously loaned to my daughter (it's my asset right?) and a on budget category with her name on it.
Both the budgeted balance and available balance in the category is $0 as initially I budgeted it with the money I loaned her then recorded a transfer to the tracking account using "her" category
I just helped her by paying an account using my c/card. What's the best way to record this?