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| Your payment needs to be Category Loan Payment:[name of loan account]. The Loan Payment "special category" will take care of the principal transfer tot he loan account, the interest, and it will let you add elements for escrow, etc. Housing:Mortgage Principal is just an expense category that knows nothing about the Loan account. Thus the magic Loan Payment. "suel" <suel[at]discussions.microsoft.com> wrote in message news:0D557CC1-CBDE-4340-ACB2-AB2C1FB0345D[at]microsoft.com... - quote - > Money 2004. How do I setup Loan Account type Morgtage so that 'Money > enters > this transaction in the account register from which you pay the loan and > in > the register for your loan account, if you have one', as Money 2004 help > it > will do but doesn't. > I used Account Setup to setup Loan Account type Mortgage. My payment is > setup as a split. I split into Housing: Mortgage Principal; > Housing:Mortgage > Interest; Insurance:Life; and Housing: Escrow Account. I make payment > using > my Bank Account. When I created the new account all payments automatically > populated the Loan and Liability Account. However, when I go to Bills & > Deposits and Enter into Register the transaction doesn't show in the Loan > Account. > I edit the Principal and Interest each month as I receive it from my bank. > When I setup the account what do I want Money to calculate and what do I > want > to calculate manually to be able to continue to edit Principal & Interest. > As you see I really need a lot of help. Thanks. |
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| Money 2004. How do I setup Loan Account type Morgtage so that 'Money enters this transaction in the account register from which you pay the loan and in the register for your loan account, if you have one', as Money 2004 help it will do but doesn't. I used Account Setup to setup Loan Account type Mortgage. My payment is setup as a split. I split into Housing: Mortgage Principal; Housing:Mortgage Interest; Insurance:Life; and Housing: Escrow Account. I make payment using my Bank Account. When I created the new account all payments automatically populated the Loan and Liability Account. However, when I go to Bills & Deposits and Enter into Register the transaction doesn't show in the Loan Account. I edit the Principal and Interest each month as I receive it from my bank. When I setup the account what do I want Money to calculate and what do I want to calculate manually to be able to continue to edit Principal & Interest. As you see I really need a lot of help. Thanks. -- sue |
| Tags |
| acct, bills, deposits, loan, properly, register, setup |
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