Reply from Microsoft. Offers no help to why - but to redo acct.
From your email, I understand that you do not submit the loan payments in
the Bills Summary of Money program. Instead, you usually download
transactions (including loan payments) into the Bank of America account and
then categorize them.

After we categorize the loan payments as "Loan Payment: BofA Mortgage",
sometimes, the Principle and Interest cannot be calculated properly (the all
payment amount is put to the Principle). As a result, it causes the
inaccurate Interest Taxes.

I apologize for the previous misunderstanding. Please be assured that I'll
continue to work closely with you in resolving the issue.

Based on the current research, I cannot reproduce the same results on my
side. If, however, we record two loan payments at the same date, this issue
can occur in the loan account. However, based on the screenshots you
provided, I notice that we have recorded the loan payments properly every
month.

In this situation, this issue can be related to the corrupt data in the loan
account. At this point, I suggest we remove and re-create the problematic
loan account and try to fix this issue. This process can be a little time
consuming and your patience and cooperation are appreciated. Please refer to
the steps below:

Note: Please back up the Money file first by going to File, Back Up. Then,
please remove the problematic loan/mortgage account.

--
Barry
www.beamalarm.com


"beamone" wrote:

- quote -

Reply from Microsoft
Sometimes when you submit the loan payment in Money 2006 program, the
Payment amount is equal to Principle amount (with no Interest).
If I have misunderstood, please do not hesitate to let me know.

According to the symptoms, we may have encountered a known issue in Money
2006. Based on the research, this issue only occurs when we choose multiple
payments (including the loan payments) in Bills Summary (by checking the "Pay
Online" box) and then save them as drafts at one time.

If we choose a single Loan payment and clicking the "Pay Online" button to
draft them one by one, the Principle and Interest of the loan payment will be
recorded properly in the Loan Accounts.
****************** REPLY to Microsoft ****************************

It sounds like you are misunderstanding the issue or I am not explaining it
right.
I never go to BILL SUMMARY to pay bills.
All my bills are DIRECT DEBITED from my Schwab Investment Account.
When I log on to Money all my Investment Accounts, credit Cards etc.
transactions are downloaded into Money 06. I then go into each transaction &
tell it which category to to put each payment.
The one for my BofA loan payment of $XXXX.66 goes to LOAN: Mortgage.
It then internally splits the payment into Principal & Interest based on the
LOAN SETUP Interest Rate.
The problem is for several months it didn’t split the payment & put it all
to principal which gave me an incorrect LOAN INTEREST amount for my Taxes.
Also it stopped putting a PAYMENT NUMBER after 17 Payments.
It would continue to put the transactions properly with no Payment Number.
Then started again with PAYMENT 30 & put the PAYMENT NUMBER as #18.
I have run FILE REPAIR, Standard & Quick in that order.
--
Barry
www.beamalarm.com


"Dick Watson" wrote:

- quote -

Let us know what you find out.

"beamone" <beamone[at]discussions.microsoft.com> wrote in message
news1B1A91F-CA0C-4533-92B0-031148C7F244[at]microsoft.com...
- quote -

It is Advanced Register.
I have run Repair File (Standard & Quick) in that order.
I called Microsoft Support & after several hours of knowhere, they kicked it
up to Advanced Support & here I wait until I hear from them.
Thanks for your efforts
--
Barry
www.beamalarm.com

"Dick Watson" wrote:

- quote -

I didn't see anything I wouldn't have expected except, as you note, the lack
of amortization. I've never seen this happen, but I don't download
transactions because a) I just don't trust the technology to enter the data
in the way I think it should, b) I know I add way more value to the data
than they will ever download, c) it seems like a lot of hassle for very
little gain.

My assumption is that the payments downloaded are somehow not matching up
with the scheduled loan payment in Bills & Deposits. One of my reasons for
assuming this is that the payment numbers aren't working reliably. Mine work
reliably on monthly mortgage payment but not at all on weekly 401k loan
payment. I'm understanding your issue to say that you are getting the
downloaded information from the Schwab checking account side. That
transaction can't know anything about the PI split, so it's entirely up to
Money to figure it out. I'm what you said to mean that "[w]hen the payment
is downloaded [from] Schwab into [the] Money [Schwab checking account],
[you] post [the checking transaction that is a Loan Payment to] the [Money]
BofA [Mortgage] ['Loan Account'". Again, that all seems as I would expect.

Can you look just above the upper right corner of the checking and loan
account registers and report whether it says "Essential Register" or
"Advanced Register"?

Hopefully some of the True Believers in downloading transaction data can
step in with some insight into how this can occur and how it can be fixed.

"beamone" <beamone[at]discussions.microsoft.com> wrote in message
news:3339267F-AD26-48D2-A607-0BC6E1AEDDBD[at]microsoft.com...
- quote -

If I were you, set up the mortgage as a repeating bill, and then simply match
it to your Schwab payment. It works for me every time.

"beamone" wrote:

- quote -

If you go here I posted an image of the page.
http://beamalarm.com/Loan.htm
1.It Shows all the Loan Payments
2 It shows an incorrect Posting
3 It shows a correct posting
I am a slow typist so this was the best way I know how to show you.
After you look at it I will remove it.
I am using Money 2006.
THe loan is set up to be paid automatically by Schwab.
When the payment is downloaded into Schwab into Money
I post it to the Bof A Loan Acct.
It then shows what portion is allocated to principal & the rest goes to
Interest.

--
Barry
www.beamalarm.com


"Dick Watson" wrote:

- quote -

Loan Payment as I was using it is ****not**** an Account. It is a "Special
Category" usable while categorizing transactions in M04 and earlier and in
M05 and M06 Advanced Register.

If it was amortizing & splitting the payment for about 18 months, then you
must have been categorizing your payments as Loan Payment : [the name of the
account]. That's how that works.

If it stopped, and if you categorized your payments, as you said earlier, as
"Mortgage Loan", then that's why.

Let's try some questions:

1) What version of Money are you using? (Help | About would be one place to
find this out.)

2) Please copy and post, as exactly and completely as possible, all of the
information from the last payment transaction from the loan account that
worked as you thought it should and the first one that didn't work the way
you thought it should. xxx.xx the numbers if you want. Include all elements
of every split.

3) Please copy and post, as exactly and completely as possible, all of the
information from the last payment transaction from the account making the
payment that worked as you thought it should and the first one that didn't
work the way you thought it should. Include all elements of every split.

4) While viewing, say, your checking account register in Money, enter a
transaction for today's date, any payee you'd like, the amount of your
mortgage payment, and then, in the category box, select or type "Loan
Payment". Then use a return or Tab. What happens?

"beamone" <beamone[at]discussions.microsoft.com> wrote in message
news:A3C57658-8F9E-4EFF-A5D0-E7892D101F48[at]microsoft.com...
- quote -

OOPs,
That should be PRINCIPAL not Interest
--
Barry
www.beamalarm.com

"beamone" wrote:

- quote -

I apologize for my incorrect terminology.
This is a Loan Payment Acct.
It has been amortizing & splitting the payment for about 18 months.
But recently 3 payments just deceided to put the whole payment into principal.
But then the last payment reverted back to splitting the payment as it should.
Example Payment is $2799.68

3/4/05 Interest 662.97
4/4 665.87
5/4 668.78
6/4 2799.68
7/4 2799.68
8/4 2799.68
9/4 668.97
10/4 708.64
--
Barry
www.beamalarm.com


"Dick Watson" wrote:

- quote -

If you categorized them as Mortgage Loan, as you said, they will not do so.
I'm not sure how to make it plainer. Mortgage Loan is just an expense
category like Food : Groceries or ASLKDAQK:sdjkhfznxmc. There's nothing
magic about it. The magic one is Loan Payment:[name of loan acct in Money].

You can go change prior transactions categorized as Mortgage Loan to Loan
Payment:[name of loan acct in Money] "category" transactions.

Advanced Register is standard behavior for every version of Money before
Money 2005. If you use a version older than Money 2005, don't worry it. M05
added some new "dumbed down" modes called Essential Register, Bills, Budget,
Reports, etc. They are to Money as training wheels are to the kind of cycle
a Tour De France winner rides. If you use M05 or M06, search Help for
Advanced Register.

"beamone" <beamone[at]discussions.microsoft.com> wrote in message
news:89490755-EC72-47ED-86BF-54844224D614[at]microsoft.com...
- quote -

I still dont understand why some of the automatic payments did'nt split into
the 2 Accts. Principal & Interest like the ones before it. What can I do to
fix it?
What is Advanced Register??
--
Barry
www.beamalarm.com


"Dick Watson" wrote:

- quote -

Mortgage Loan is just some expense category. A "Loan Payment:[name of loan
account in Money]" is the ONLY "Category" that will split automagically into
a Principal Transfer to pay down the loan balance in the Loan Account in
Money and into an interest Expense.

This also requires you to use Advanced Register.

"beamone" <beamone[at]discussions.microsoft.com> wrote in message
news:29469564-08D5-428F-9974-E262890AAB10[at]microsoft.com...
- quote -

My payment is automatically paid monthly thru schwab & downloaded to Money.
I catagorize the payment as Mortgage Loan & it supposed to split it
according to the Amortization. I dont if I understood your reply as being the
same transaction.
--
Barry
www.beamalarm.com


"JR" wrote:

- quote -

This has happened to me periodically. Back when I was paid on the 1st and
15th of the month it happened every month, butthen when I went to every
other week, it happened fewer times. That in itself had nothing to do with
it except that now I don't always pay my mortgage on the same day as I get
paid. What I realized was if I recorded my paycheck (its a reoccurring
deposit on bills summary) then immediately E paided my mortgage the CATEGORY
for the mortgage payment was PAYCHECK. Now when pay day and the fisrt of
the month are the same day, I record the paycheck, then Pay SOME OTHER Bill
and exit money. Then return to money and pay the mortgage. Its a pain, but
the mortgage payment this time says LOAD PAYMENT:MORTGAGE

I have a House loan that is Amortized .
When I look at the Amortizition Schedule the automatic payment amortized
properly into the 2 Accounts (Mortgage & Interest) than the next 3 months put
it all to principal & the last payment is splitting the payment again
properly. I dont see how I could of changed anything & I cant see how to
correct it.

--
Barry
www.beamalarm.com