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Old 10-09-2004, 02:44 AM
Chris Cowles
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Default Re: Split a transaction into withdrawal and transfer

1. Create an escrow account.

2. Create a loan account and use the payment information from the bank but
let it figure out the interest rate. It may be a few decimals places off
from the bank but if the P&I is correct and the term is correct, that's
probably as close as you'll get.

3. In the section of the loan where it allows you to put in extra
transaction lines, categorize the escrow as 'transfer: escrow'.
--
Chris Cowles,
Gainesville, FL

"NS" <nsanghani[at]hotmail.com> wrote in message
news:30a901c4ada8$518db950$a601280a[at]phx.gbl...
- quote -

> Hi I have a transaction for my home payment which consist
> of mortgage payment (Principle + Interest) and payment to
> an escrow account for paying the property taxes.
> I am trying to figure out how can I split this amount into
> a withdrawal (corresponding to mortgage) and transfer to
> the escrow account
> Thanks
> NS



  #-1  
Old 10-09-2004, 02:33 AM
NS
Guest
 
Posts: n/a
Default Split a transaction into withdrawal and transfer

Hi I have a transaction for my home payment which consist
of mortgage payment (Principle + Interest) and payment to
an escrow account for paying the property taxes.
I am trying to figure out how can I split this amount into
a withdrawal (corresponding to mortgage) and transfer to
the escrow account

Thanks
NS
 

Tags
split, transaction, transfer, withdrawal
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