Comments inline.

"Marshall McCain" <Marshall McCain[at]discussions.microsoft.com> wrote in
message news:EB769DE0-DE4C-487B-B8F4-BE20FAABE46C[at]microsoft.com...
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Well, no, it is being used--though the mechanics are more hidden than in,
say, GnuCash. I'm not sure thow that's relevant, though.

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Because the data rule is that Transfer cannot target a Loan. Only Loan
Payment can target a Loan. Start a Loan Payment and the Loan Accounts will
be offered.

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A Loan Payment will do two of the entries for one of the loans. But you
can't have a Loan Payment with two targets and you can't have a Split with a
Loan Payment inside of that. That's just the way Money enforces their DB
design at the UI.

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Not really. There are many things GnuCash cannot do. Run on Windows to name
one.

I have the exact same problem and I wasted four hours trying to figure it out
until I disovered this website. Microsoft support was no help as they could
not understand my need. Is double entry accounting not being used? Why do
the loan accounts not show up when trying to setup a transfer? If they did,
I could do a split with 4 entries considering I had two loans (one split for
principal and one for interest for each loan). It's unfortunate a free
product, GnuCash can do this with ease.

"Dick Watson" wrote:

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As outlined in my previous response, the limitation comes from something
pretty fundamental to Money's database design. Indeed, it's a limitation
that has existed in 14 versions now since the early 1990s. Given how often
this issue doesn't come up, I wouldn't think a better solution is likely
anytime soon.

"Ryan D." <RyanD[at]discussions.microsoft.com> wrote in message
news:53BAEA82-82F6-4B02-BEBA-03AF3BD5E7AF[at]microsoft.com...
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"Dick Watson" wrote:
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Dick, thanks so much for your suggestion. I had thought of something along
these lines, but am definitely hoping a more elegant solution exists. So much
of Money's target consumer group carries loans from Sallie Mae -- hoping we
can get something that works better.

Thanks again for taking the time to help!

Loan Payments are Split and Splits cannot, in turn, be Splits. That's where
your problem comes from.

Here's how I'd handle it.

- Create a cash account "(split to loans)" (if you already have a cash
account for something like pocket change, you can use it instead)
- Schedule then enter your consolidated payment as a category Transfer:[name
of acct from above]
- Schedule then enter however many separate Loan Payment:[name of loan accts
1 to n] transactions as are required to be paid from the cash account from
the first step--these should add up to the same amount as the consolidated
transfer

After each cycle, the balance of the cash account should be unchanged.

It's not elegant, but it will work.

"Ryan D." <Ryan D.[at]discussions.microsoft.com> wrote in message
news:3D236553-7BBB-4685-9290-F39AF3287326[at]microsoft.com...
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I am a new user of Money and am trying to set up my student loans. Like most
government-backed education loan portfolios, there are multiple loans with
different terms, variable rates, etc serviced with one payment to a single
service provider -- Sallie Mae. I send Sallie Mae one check each month.

I have set up each loan in Money (there are four) as a separate account
thinking I could 'split' the single payment from my checking account into
four pieces. But Money will not give me the option to split checking
transaction into multiple loan payments. I have the option in the initial
transaction edit to set up a loan payment to any one of these accounts.
However, when I click 'Split,' the loan accounts I set up do not appear in
the 'Category' dropdown menu.

Further, if I attempt to change the checking transaction to a 'Transfer'
rather than a 'Withdrawl', none of the loan accounts appear in the list of
accounts I may transfer to.

Please help! Loans serviced by Sallie Mae afflict half of all college and
grad-school graduates and need to be set up in detail to make this exercise
worthwhile.

Thanks!