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Old 02-19-2005, 04:32 AM
Dick Watson
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Default Re: Mortgage escrow account

Yes.

You have to edit the Loan Payment to add an additional element that is
Transfer:[name of escrow account]. I don't fathom what you mean by "doesnt
provide the same transfer links as my previous manual splits did before this
category" But you may have type out the word Transfer, the colon, and the
name of the transfer account if they are not offered in the pulldown list.

"Chris" <Chris[at]discussions.microsoft.com> wrote in message
news:9D1D351E-A987-4C05-BB9C-F0609343C64C[at]microsoft.com...
- quote -

> I am having trouble tracking my home mortgage payment information so I can
> get both the principal to populate the loan account and to get the escrow
> account to be populated. Any help would be appreciated.
> The loan payment is through a checking account withdrawl. If I want to
> track the escrow account I can split it from the payment manually. I
> manually split the payment into Loan: Mortgage Interest, Princiapl and a
> transfer to a cash account called escrow. This doesn't link the principal
> to
> the loan account.
> If I want to track the principal payments, I can change the checking
> account
> entry to use the Loan payment: Home. THis however changes the splits to
> use
> Money's and the transfer to my cash escrow account is lost and edit doesnt
> provide the same transfer links as my previous manual splits did before
> this
> category.
> Anybody know how to get both loan and escrow tracking to work?



  #-1  
Old 02-19-2005, 02:09 AM
Chris
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Posts: n/a
Default Mortgage escrow account

I am having trouble tracking my home mortgage payment information so I can
get both the principal to populate the loan account and to get the escrow
account to be populated. Any help would be appreciated.

The loan payment is through a checking account withdrawl. If I want to
track the escrow account I can split it from the payment manually. I
manually split the payment into Loan: Mortgage Interest, Princiapl and a
transfer to a cash account called escrow. This doesn't link the principal to
the loan account.

If I want to track the principal payments, I can change the checking account
entry to use the Loan payment: Home. THis however changes the splits to use
Money's and the transfer to my cash escrow account is lost and edit doesnt
provide the same transfer links as my previous manual splits did before this
category.

Anybody know how to get both loan and escrow tracking to work?

Thanks.
 

Tags
account, escrow, mortgage
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