- quote -

offset+mortgage&as_oq=&as_eq=&as_ugroup=microsoft. public.*
&as_usubject=&as_uauthors=&as_umsgid=&lr=&as_drrb= q&as_qdr
=&as_mind=12&as_minm=5&as_miny=1981&as_maxd=11&as_ maxm=10&
as_maxy=2004&safe=images
- quote -

Text that I read is as follows:
Forr Offset account (Virgin One), I set up a number of
accounts in Money to represent the breakdowns I wanted to
see - viz. Working acct (equivalent to a current
account),
Mortgage (with the "real" mortgage balance), Budget,
Holiday Savings, etc etc.
Then have Salery go in ot Working A/C, and a series of
transfer to the others (including my notional mortgage
repayment amount. When you get a statement at monthend,
mark of all non Working account entries and use a report
to net all these accounts (ex Working) together. Use
this
balance to calculate what your Working acct blance should
be and then reconcile this account.
Bit of a pain to setup but I've had this working for a
number of years now, and it gives me a complete breakdown
of where I am!

Brent


The problem is you've homed in on an offset account. I
get statements for all my Australian mortgages that
includes the interest charged that month figure. As all
of these morgages are for investment properties it is
essential that they are assigned the appropriate
category. I like everything that I've used in Money
except this feature of not being able to import into loan
accounts. I can't see why MS need to inhibit this
feature.

Basically in Australian banks, they setup an account for
a mortgage and then each month show the interest they
charge + the payment made (transfer from another account).

In the US I have two accounts with Fleet Bank that work
the same way.

In my experience, it is only in the UK where the only
real information you get about your mortgage is once a
year summarising interest + principal + charges.

I think what this indicates is that I should establish
recurring charges for the interest and then just fix the
number when I get the statement - I'll try that and see
what happens.

Tim

In microsoft.public.money, Tim Dadd wrote:

- quote -

Offset mortgages have been discussed microsoft.public.uk.money;
these posts may offer you some good info:
http://groups.google.com/groups?as_q...04&safe=images

I thought I'd posted this yesterday - but can't find it
in the forum now!

I have an offset mortgage account whereby we can put
money onto and take money off of our mortgage. As such
we can download the transaction details for importing
into quicken/money.

I could do this before I associated the account with a
loan. Now that I've associated it with a loan, the
system no longer offers me these loan accounts on the
import utility.

Does anyone know a way to get around this without losing
the use of the financial planner?

Thanks,

Tim