Hi Dick,
I just tried that as I was waiting for your response and it worked. Wow,
never realized that you could do that. Just for grins, does everybody see
this behavior or is it my machine where I am unable to see the option for
transfer, but it works fine when I type it out. This only happens in the
loan transactions.

thanks again. I am all set now.


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:u%233SjX90EHA.2572[at]tk2msftngp13.phx.gbl...
- quote -

Try typing out the word Transfer, then :, then the name of the target
account. The pulldowns don't always list all of the usable possibilities.

<pr> wrote in message news:OLrveV90EHA.1192[at]tk2msftngp13.phx.gbl...
- quote -

Hi Dick,
My money file is also setup with advanced evertyhing. I have a mortgage
account that is linked to an asset account (Home). I have a recurring bill
with "write a check" for my mortgage payment. I have setup all account and
interest details in money. So money computes the splits for my mortgage
accounts.
SO I usually have four splits:
principle: computes
interest: computes
insurance: fixed amount
real estate taxes; fixed amount
this works really well. But my problem is that insurance and real estate
taxes are really sent into an escrow account and I would like to trak my
balance accordingly. To do this I have created a cash account and I am
trying to setup a transfer to the cash account. Money does not provide the
option to transfer to any account from the category drop down in this case.
I really cannot understand because it let's me do this in all other splits.
The only really transfer options available are for "credit card payments".
THis is very strage that they would put in such an explicit limitation.

Hope my scenario is clearer.

thanks


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:OF9h4P90EHA.1296[at]TK2MSFTNGP10.phx.gbl...
- quote -

No, It is not epay. I am just using "write a check" mode. When I setup my
mortgage payment, I do not see any "transfer: accounts" listed in the
categories drop down. The only ones that I see are for "credit Card Paymets:
account".
This is really strage since I can use the transfer in every other scenario
except my loan payment. Is this problem specific to me or can other folks
perform a trasfer to a cash account in the same split transaction where
money automatically calculates the loan principle and interest calculations.

thanks


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:e7EAUV30EHA.1524[at]TK2MSFTNGP09.phx.gbl...
- quote -

FWIW, I just tested this in a M05 test environment and found no problems
setting this up. Please be more specific how you were attempting this and
why you could not get it to work. My testcase involved a Money file using
Advanced everything.

<pr> wrote in message news:eFqTO410EHA.3908[at]TK2MSFTNGP12.phx.gbl...
- quote -

Is it Epay? Is this M05 Essential Bills?

<pr> wrote in message news:eFqTO410EHA.3908[at]TK2MSFTNGP12.phx.gbl...
- quote -

Hi,
I cannot get money to setup a transfer to a cash account from the
mortgage payment.

thanks
"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:eZTPif9zEHA.804[at]TK2MSFTNGP12.phx.gbl...
- quote -

See, even I don't know what's in the FAQ.

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:t791q0h1cieurq1h1envgo9o55d075nn7l[at]4ax.com...
- quote -

In microsoft.public.money, Dick Watson wrote:

- quote -

http://umpmfaq.info/faqdb.php?q=160 is interest-only.

Additional principal and escrow are not really part of setting up the loan,
they are part of setting up the scheduled loan payments and/or entering
them. The interest only part is setup by setting the balloon amount to the
loan amount when setting up the loan. The ARM part is setup when it asks
about that in the dialog for setting up a loan account that is a mortgage.

To setup extra principal, add a "Principal Transfer" split element to the
scheduled loan payment in the amount of extra principal. Escrow is handled
similarly as described at http://umpmfaq.info/faqdb.php?q=94. In the loan
setup wizard, at some point it asks if you have other fees to setup. This is
one place you can do it, but that assumes you already have the escrow cash
account setup. You can also do it afterwards like editing any other
scheduled loan payment.

BTW, what's the rationale behind an interest only loan with extra principal
payments? I struggle to understand the rationale for interest only loans as
it is.

I think it's time to make the interest only and extra principal questions
into FAQ entries.

"Frustrated" <Frustrated[at]discussions.microsoft.com> wrote in message
news:A6C40C3C-5F87-40A7-9274-2B280C9DABAD[at]microsoft.com...
- quote -

In microsoft.public.money, Frustrated wrote:

- quote -

http://umpmfaq.info/ should get you started.

In MM2005 - I have one of those new Inerest Only mortgage's. I am having
great difficulty in getting MM2005 to set up this type of mortgage that would
allow for: ARM adjustments; additional payment to principle; interest and
escrow separation? Any suggestions, ideas or comments would be appreciated.
Thanks in advance.