Loans — lent & borrowed

Cash you handed to someone, or took from them, that has nothing to do with goods. Tracked as qarz, with a return date and a one-tap "returned".

Not every rupee that changes hands is a sale. You lend a friend cash; a relative lends you some to cover stock. That is qarz, and it deserves recording just as much as udhaar does — otherwise it quietly disappears.

Recording a loan

Two ways in:

• New entry → Lent (I gave) or Borrowed (I took)
• From the person's own page: Lend to {name} or Borrow from {name}

The form asks for:

It is real cash

A loan is not a note to yourself. Lending money reduces your cash in hand and borrowing increases it, because that is what actually happened to the drawer.

It also sits on that person's balance, so their statement shows the loan alongside everything else you have between you.

Marking it returned

When the money comes back, use Mark returned on the loan row.

Businessly pre-fills the full amount, with the hint Amount received back (edit for a partial return) — or, if you were the borrower, Amount you repaid (edit for a partial repayment).

Return-date reminders

Set Return by (optional) and Businessly can remind you when the date arrives — you will see {name} should return {amount} — due {date}, or Return {amount} to {name} — due {date} when you are the one who owes.

Switch these on under Reminders.

How it differs from udhaar

Udhaar is goods taken on credit. Qarz is cash handed over. They sit on the same balance for that person, because in the end both are money owed — but the entries are labelled differently so you can see which is which in the statement.