1) follow the advice, more or less, from http://umpmfaq.info/faqdb.php?q=110
to convert the existing loan and asset to cash and no loan. Take the cash
and transfer it to a new asset account named Loan Receivable or similar and
create a new Loan Account, tell it you are lending not borrowing, and so
forth.

2) Create a new Loan Account, tell it you are lending not borrowing, and so
forth.

"SoCal Janis" <SoCal Janis[at]discussions.microsoft.com> wrote in message
news:8C9D9FBC-2796-416F-BFD4-BE6C9C8B7998[at]microsoft.com...
- quote -

Currently using Money 2005 premium. This is a two-part question.

1. I have a car that is listed as an asset, however I just sold it and am
financing the buyer. How do I convert this to a loan when I'm the one
carrying the loan?

2. Sort of the same question as above, however, no asset involved. Just a
regular loan with compounding interest that I am carrying.

Any help is appreciated.