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Year-end & ITR: get your lending income in order

If you lend money, the interest you collect is income — and at year-end (or when filing your return) you'll want it tidy: how much interest you earned, who still owes you, and a clean record you can hand to an accountant. Here's what to gather and how to make it painless.

What to pull together

• Interest earned in the financial year — the byaj actually collected across all your loans.
• Outstanding balances — what's still owed to you at year-end, per borrower.
• Closed/settled loans — the ones that completed during the year.
• Write-offs — anything you've decided is uncollectible.

Why a running record beats a year-end scramble

Reconstructing a year of lending from memory or a messy notebook in one sitting is painful — and easy to get wrong. If every payment was logged with a date as it happened, year-end is just running a report.

How LendBook makes year-end easy

• Income report by financial year — interest earned, month by month, for the FY (with collection-efficiency too).
• Statements — per-borrower, per-loan, and a financial-year statement, as clean PDFs.
• Outstanding & portfolio view — what's still owed and how the book changed over the year.
• CSV export — hand the full payment history to your accountant in one file.

Related guides: How to track money you've lent How to calculate loan interest