If you schedule the sale of the asset, the LP assumes the loan is paid off
at the same time.
--
Chris Cowles
Gainesville, FL



"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%23e4aBxJEHHA.4464[at]TK2MSFTNGP06.phx.gbl...
- quote -

I just looked at LP; near as I can tell, the effect is limited to
automatically picking up the asset in the Homes & assets section.

Back to smurfgun's OP, this may not be a desirable effect for all
loans/asset accounts. Even if it is, alternate solutions can be modeled in
LP by adding the asset separately there.

"Chris Cowles" <spam_magnet[at]remove-me-bellsouth.net> wrote in message
news:%23c0V41FEHHA.3444[at]TK2MSFTNGP04.phx.gbl...
- quote -

That would be the Lifetime Planner, I believe.

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%23pw1imBEHHA.4808[at]TK2MSFTNGP03.phx.gbl...
- quote -

What can I say? Another wish list item ignored.

"smurfgun" <smurfgun[at]discussions.microsoft.com> wrote in message
news:BB654BE5-DBFE-453B-B1DB-98A904926790[at]microsoft.com...
- quote -

When I created my loan account, I did create another account to offset it.
But this did not work since (possibly) the first transaction in the offset
account did not match the first transaction in the loan account (which will
be the loan interest payment). i.e. my first interest payment was may 31st,
my first transaction in the offset account (when I used the loan money) is
may 15th. In my networth graph, it shows the loan liability dating back to
april (since it affected my networth in april). But like you say, I can make
a deposit in my offset account that dates back to april as well...

I don't understand why when I create a loan in MS money, it doesn't transfer
the loan money somewhere. I mean, what happens to the money then? It should
work like "line of credit" where the loan account starts at "$0" and then I
can transfer that money out into my investment account or "offset account"

Thanks,

"Dick Watson" wrote:

- quote -

Since asking the Loan genie to setup the asset account doesn't get it to do
the logical thing and Transfer the proceeds, I'd probably just create a cash
account at the same time and set it's initial balance at the same as the
loan value. You could also deposit it using something like Other Income:
Loan Proceeds Received.

Any benefit from the linked Asset Account is pretty small. I think someone
said that DRP or something would behave differently.

The only ready way to make sure they always offset is to create the Loan
Payment series as paying from the Cash/Asset account. But that almost surely
does not recognize where the cash will be coming from. Beyond that, I'm not
sure of a way to link them nor am I sure there should be. Follow the money.
The money that pays the loan is coming from a real account. Why the fiction
that it's coming from a fake account?

"smurfgun" <smurfgun[at]discussions.microsoft.com> wrote in message
news:6ED9E981-A0A8-4BA5-97B4-57447509BC3A[at]microsoft.com...
- quote -

Hi,

People on this forum have been very helpful and I want to thank you all first.

I have another problem with creating a long-term loan and "matching" this
loan with another account (asset). For example, if I borrow $1000 and I
create a long-term loan for it, it simply creates a loan account with an
amount -$1000. Once I saw this, I decided to simply create another account
with a starting balance of $1000 (i.e. to offset the $1000 loan). After all,
it is a loan so I do have the cash to use (i.e. purchase investments for
instance). The problem is when I look at networth over time, it seems the
loan is applied to a month before the offsetting account is created. Now, in
my networth over time, I see a month where it suddenly drops by $1000 because
of the loan. And the month after, it increases by $1000 since my offsetting
account is active. Now, how can I make sure these two accounts always offset
each other?

Btw, I cannot choose my investment account as the "asset" when creating the
loan. Money wouldn't allow me.

Thanks in advance,