I see two choices.

1) redefine the loan to the way you want to pay it.

2) Hand adjust the payments when you enter them into the register. The
easiest way to do this and get the interest close, since Money wants to
calculate a monthly interest amount since that's how you defined the loan,
will be to accept the calculated interest in one of the two payments and
adjust the principal by subtracting the difference. In the other payment,
just delete the interest amount and pay the $250 principal. You could adjust
these when you get a statement from the lender. You'll be close using this
method, but not as close as #1.

Hopefully somebody else sees a better choice.

"Andre" <Andre[at]discussions.microsoft.com> wrote in message
news:2389BFDE-074D-4AD1-B4BB-A67D5B925C88[at]microsoft.com...
- quote -

I need some help with a loan account. I am using 2004

When I set up the loan, I set it up with my own terms of 13 months and it
calculated monthly P&I $279.80. The loan is for a Motorcycle, and the typical
terms state a min monthly payment of $69. Obviously I don’t want to get
caught in this financing rip-off and I am making $250 bi-weekly payments.

The 13 month loan period resulted in calculated P&I of $279.80 per month. I
am currently paying $500 in bi-weekly payments of $250.

When I enter a $250 payment, money kicks back an error indicating that the
sum of the splits do not match the transaction amount of $262-p and $17.26-I.

How exactly should I set this up with the terms of the loan, and my
bi-weekly payments that do not match whatever the system calculates?

Thanks

Andre