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Old 04-30-2005, 02:05 AM
Dick Watson
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Default Re: setup loan acct then bills & deposits don't register properly

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.



  #-1  
Old 04-29-2005, 10:41 PM
suel
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Posts: n/a
Default setup loan acct then bills & deposits don't register properly

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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