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Old 08-23-2004, 08:36 PM
Dick Watson
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Default Re: Loans and checking accounts

There is not a good way to do this.

See http://umpmfaq.info/faqdb.php?q=86 for one workaround and a generally
alternate method.

"Harry S." <a[at]a.com> wrote in message
news:OPgZV9UiEHA.3288[at]TK2MSFTNGP10.phx.gbl...
How do I tell my checking account where money from a loan came from??

I recently borrowed money from my bank which was deposited directly into my
checking account. If I set up the loan I am unable to select it (from the
account drop down list) when entering the transaction into my checking
account register. I found the information about "linking a loan to an
asset" but you can only do that with an asset account, not a cash account.
I need to increase both my cash account and a new liability account and
still want Money to set up the amortization table.

(BTW, I'm using Money 2002)

Thanks in advance,
Harry


  #-1  
Old 08-23-2004, 08:25 PM
Harry S.
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Posts: n/a
Default Loans and checking accounts

How do I tell my checking account where money from a loan came from??

I recently borrowed money from my bank which was deposited directly into my checking account. If I set up the loan I am unable to select it (from the account drop down list) when entering the transaction into my checking account register. I found the information about "linking a loan to an asset" but you can only do that with an asset account, not a cash account. I need to increase both my cash account and a new liability account and still want Money to set up the amortization table.

(BTW, I'm using Money 2002)

Thanks in advance,
Harry

 

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accounts, checking, loans
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