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Old 11-29-2006, 06:14 PM
Dick Watson
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Default Re: Posting Principal Payments throught the Check Register.

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.



  #1  
Old 11-29-2006, 04:59 PM
Paul Shapiro
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Default Re: Posting Principal Payments throught the Check Register.

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



 
Old 11-28-2006, 10:23 AM
Dick Watson
Guest
 
Posts: n/a
Default Re: Posting Principal Payments throught the Check Register.

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



  #-1  
Old 11-28-2006, 02:09 AM
RichPar
Guest
 
Posts: n/a
Default Posting Principal Payments throught the Check Register.

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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