I can't duplicate the result in M04, but it wouldn't surprise me if that's
just the way the Analyze Loan Amortization (the loan amortization report)
thing works. In M04 it just gives you a static report for the loan terms
regardless of how you've paid the loan off and lots of users complained
about this. Microsoft may have "fixed" this in an equally broken way.

I also think you are saying that the lender took some of the extra payment
and applied it to interest and the Other option didn't have a place to put
the interest. That's why it wants a transfer account in the extra payment
choice. It needs somewhere to put a Loan Payment that it can split into a
Principal Transfer and an Interest Expense. Say you just endorsed the
windfall check to the lender, so you don't really have a transfer account.
Pretend. "Deposit" it to some account (like you pocket cash account, if you
have one) and then make a Loan Payment. In the bogus "deposit" you can
account for the Income. Since the amount in = the amount out in the account
where you put the "deposit", it's just two entries that don't change the
balance of the cash account. Then you have a place/a Loan Payment
transaction where you can adjust the interest and the principal.

"Loretta" <Loretta[at]discussions.microsoft.com> wrote in message
news:5B69A0F9-D035-49B5-BAC9-AB1FA12748C4[at]microsoft.com...
- quote -

Hopefully I have enough detail without flooding you with trivia.

Money 2006 standard edition
Advanced register

I set up a car loan a while back. Money's been calculating principle and
interest correctly (within a peny or so each month - roundoff error) The
loan pmt in Money is set to pay automatically from my checking account

I recently came into a bit of a windfall and made a large extra payment. I
went into the account register for the loan and clicked [New] to add this
additional payment. The "Make a regular loan payment" and "Make an extra
loan payment" options both require me to transfer from an existing account.
The "other" option requires me to enter the principle paid, not the total
payment, Both it and "Update amount owed" put the same value in the Payment
and Principle columns - not showing how much I actually paid.

I selected the "Other" option and filled in the Principle paid

Selecting the "Analyze loan - View amortization schedule" shows the entry as
Payment amount=$4,000 Principle amount=$4,000 Interest=($4,000) which
means that the grand total for interest is ($3,000) Makes it look like the
bank paid ME to borrow money from them (I wish)

Did I do something wrong, or is this just the way Money works (or doesn't
work)
--
Lori