You are on the right track as to how to model it. But there is no automatic
way. See http://umpmfaq.info/faqdb.php?q=2 for how I do it. My loan is paid
weekly and my 401k reinvests the loan proceeds weekly. I spend maybe two
minutes a week entering:

- the loan payment deduct from my paycheck is a separate afar tax transfer
to the 401k cash account in my scheduled paycheck; entering it is included
in entering my paycheck
- the loan payment in the loan account from a scheduled loan payment
transaction; this takes a few seconds longer because I classify the payment
elements and Money is still, 14 versions later, too stupid to know how to
schedule classification of loan payment elements
- the interest and sell transactions in the 401k loan investment; I use the
values from an amortization worksheet in Excel, but could pretty much just
as easily use the value from the loan payment entered above
- reinvestment of the payment amount is included in my a scheduled
investment buy transaction, so the loan adds no effort to enter this

It's not automatic, but it's not the most difficult task in the world,
either.

"Charlie" <Charlie[at]discussions.microsoft.com> wrote in message
news:2281AE2B-9E03-4109-8203-E1CF2C8F8FBF[at]microsoft.com...
- quote -

Thanks Dick,

I can see how I can enter the loan as an investment and carry the balance.
Then I have a separate loan account where I account for the payments. What
I'm hoping is there's some way I can't see to avoid having to manually update
the 401K as I make payments, and to allocate principal and interest correctly
per the amortization schedule (automatically).
--
Charlie Smith


"Dick Watson" wrote:

- quote -

I've been doing all of this in Money for almost a decade right up until the
automatically handle everything part. Do you want to know how or is your
requirement the automatic everything part?

"Charlie" <Charlie[at]discussions.microsoft.com> wrote in message
news:08B01D63-7EB6-45BA-90D9-24094D70AB92[at]microsoft.com...
- quote -

Is there any way to record a 401K loan in Money 2006 so it will automatically
handle everything?

What I would like to do is to set up the loan as an asset in within the 401K
plan. Then have the payroll deductions track a payment schedule and pass
interest and pricipal back into the 401K.

I can't see any way to do this, it looks like I'm going to have to make
extra entries.
--
Charlie Smith