Assuming that none of the following are involved: a) printed checks, b)
Money-initiated Bill Pay, and c) downloaded transaction data that would
suggest otherwise, you can replace one transaction like:

MyLoanCo, $100.00, Loans:Student, memo: too bad I can't split this as needed
into two Loan Payment transactions

with two different transactions like:

MyLoanCo, $70.00, Loan Payment:Student Loan Acct #1, memo: actually part 1
of 2 of one transaction that gets to the bank
MyLoanCo, $30.00, Loan Payment:Student Loan Acct #2, memo: actually part 2
of 2 of one transaction that gets to the bank

Oh, and one other method comes to mind: You could just track these as a
category or categories rather than full Loan type Liability Accounts. This
would make transactions like:

MyLoanCo, $100.00, memo: combined payment, splits: $70.00 Loans:Student #1,
memo: the big one, and $30.00 Loans:Student #2, memo: the little one

You loose some things like net worth reporting that views this as a transfer
offsetting a liability, balance tracking in Money and easy ability to
collect the amortized interest expense within Money. I bet you get the
latter two in statements.

"CKRanger11" <CKRanger11[at]discussions.microsoft.com> wrote in message
news:76D5B741-2AD6-47CE-BD80-3995607B77B0[at]microsoft.com...
- quote -

Thanks again for your post, you've been a huge help. I shall do my best to
automate the process, but I'm not too confident at the moment. If you don't
mind that I ask one more favor, could you elaborate a bit on this part?:

"The best way to do this is either two transactions where you make one--this
makes balancing vs. statements and downloads hard."

I'm not quite sure of the exact process you're suggesting, but if it's the
best way I'd like to try it.

Thanks again,
Matthew

I'm not affiliated with MS, and we frequently discuss
limitations/alternatives here. I suspect but do not know that Quicken has a
similar limitation. At their cores, these are two very similar products.

As for automagic, schedule all three activities and set them up to enter
automatically. It can't get better than that.

"CKRanger11" <CKRanger11[at]discussions.microsoft.com> wrote in message
news:0777D774-92BA-4589-9161-8B5223F07AAE[at]microsoft.com...
- quote -

Thank you for your very detailed explanation. It's a shame that the
limitation exists, but I'll take solace in the fact that I'm not insane
and/or incapable of figuring the darn software out.

I don't know if you have an affiliation with MS or even if it's proper to
discuss the competition on this newsgroup, so my apologies if this ruffles
feathers. But would you happen to know if Quicken has this limitation? I'm
sure that I'd be able to implement the solutions you mentioned, it's just
that if it takes extra manual work for the next 14.5 years of my student
loans, I'd like to find a way to do it automatically.

I suppose another option would be paying off the student loan ASAP, but
where would the fun be in that?

Thanks again,
Matthew

Money's design prevents a split from being, in turn, split. A Loan Payment
is a form of split. Thus you can't have two loan payments in a split. If I
were designing it, this restriction wouldn't exist. But I didn't write it
and this is its limitation.

The best way to do this is either two transactions where you make one--this
makes balancing vs. statements and downloads hard. The next best way is an
intermediate account that takes the combined payment as a transfer and then
makes two loan payments that add up to the amount of the transfer. Thus the
balance of the intermediate account is always unaffected by this activity.
You can create a cash account (something like "(intermediate acct for loan
pmnts)" or just use, say, a pocket change account, if you already have one
of those.

The last person I gave this answer to didn't like it and swore there must be
many Money users with this exact problem and they ought to redesign it to
deal with the case. You're now the second to ever pose this requirement.
Were I you, I'd not wait for the redesign.

"CKRanger11" <CKRanger11[at]discussions.microsoft.com> wrote in message
news:B7877A40-D539-4ECF-8FC3-7BD88E4F468E[at]microsoft.com...
- quote -

Hi,

I'm using MS Money 2006 and I love the functionality so far, but I have
recently run into this new problem. It's kind of a rare occurence, so I hope
someone can help me out.

I have 2 student loan accounts, one subsidized and one unsubsidized so they
can't be consolidated further. Both of these loan accounts are set up
separately within MS Money. The problem seems to be that only ONE combined
payment (transaction) goes towards both loans at once. This one lump sum
gets automatically divided at roughly 85%/15% between the loans.

Now, I've split income transactions before (counter deposits and the like)
into multiple categories. Unfortunately, I can't seem to be able to split
this payment between the two loans properly.

The only solution I can think of is reconfiguring money to show my two loans
as one, even though this isn't the case and would require a lot of
maintenance.

Thank you for your time and I appreciate any help you can provide,
Matthew