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| IIRC, it depends greatly on what kind of Loan Account you have. There are two kinds. One is the kind that allows Transfer:[name of liability account] and the other is the kind that only allows Loan Payment:[name of loan account]. Money added this distinction somewhere along the way to distinguish a simple "Loan" Account, where you aren't specifying parameters for a fixed payment/term loan that it just treats like a Liability Account without really telling you that's what it's doing--I'm guessing they want to hide the complexity from the poor bewildered user who thinks it was a Loan but is willing to tell the setup genie that he doesn't really want to treat it like one--from the type of "Loan" Account where you specify the parameters for a fixed payment/term loan and it will calculate the interest component automatically in the Loan Payment Special Category. The Loan Payment Special Category is actually a hybrid of a transfer and an expense and only applies to the latter kind of "Loan" Account. At least that's where I think we are disconnecting. I haven't actually tried a Transfer: to a Loan Account of the latter type for several versions. Maybe you can now Transfer: to them. "Paul Shapiro" <paul[at]hideme.broadwayData.com> wrote in message news:%23trPQA%23EHHA.3872[at]TK2MSFTNGP06.phx.gbl... - quote - > I don't know if it's any different than calling it a loan payment, but I've > entered it in M2K7 as a transfer into the loan account. |
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#1
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| I don't know if it's any different than calling it a loan payment, but I've entered it in M2K7 as a transfer into the loan account. Paul Shapiro "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:unl2P%23tEHHA.3436[at]TK2MSFTNGP03.phx.gbl... - quote - > Yup. > Create a Loan Payment : [name of account] transaction. Edit the splits. > Delete the interest expense as appropriate. Edit the Principal Transfer to > the amount you want. There is no other way to do a Principal Transfer but > in the context of a Loan Payment. > Silly restriction and new from the Money of yore, but there it is. > "RichPar" <RichPar[at]discussions.microsoft.com> wrote in message > news:F4D5DA61-DFCE-418A-BF63-D1FA43066EFD[at]microsoft.com... > > Money 2007 will not let me post a principal payment for a loan I set up > > years > > ago. This only recently happened. I have been posting split payments > > for > > years. When I search for principal transfers, the only company that > > doesn't > > show up is the lender I originally set up. I've tried everything. Any > > suggestions |
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| Yup. Create a Loan Payment : [name of account] transaction. Edit the splits. Delete the interest expense as appropriate. Edit the Principal Transfer to the amount you want. There is no other way to do a Principal Transfer but in the context of a Loan Payment. Silly restriction and new from the Money of yore, but there it is. "RichPar" <RichPar[at]discussions.microsoft.com> wrote in message news:F4D5DA61-DFCE-418A-BF63-D1FA43066EFD[at]microsoft.com... - quote - > Money 2007 will not let me post a principal payment for a loan I set up > years > ago. This only recently happened. I have been posting split payments for > years. When I search for principal transfers, the only company that > doesn't > show up is the lender I originally set up. I've tried everything. Any > suggestions |
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#-1
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| Money 2007 will not let me post a principal payment for a loan I set up years ago. This only recently happened. I have been posting split payments for years. When I search for principal transfers, the only company that doesn't show up is the lender I originally set up. I've tried everything. Any suggestions -- MNRich |
| Tags |
| check, payments, posting, principal, register, throught |
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