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  #4  
Old 02-19-2007, 03:52 AM
Dick Watson
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Default Re: how do i enter old loan payments into check register

Glad you got this sorted out. Thanks for the feedback.

"Matt" <Matt[at]discussions.microsoft.com> wrote in message
news:B0F892E7-DE64-479A-8EDA-BC801A715197[at]microsoft.com...
- quote -

> I got this to work using your suggestion. Thanks!


  #3  
Old 02-19-2007, 12:19 AM
Matt
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Default Re: how do i enter old loan payments into check register

I got this to work using your suggestion. Thanks!

I had tried that before, but I missed a very important follow-up step.
Going to the loan account after setting up the scheduled loan payment, I saw
that there were now two of every payment listed. One from the original
amortization not hooked up to my checking account, and one from the scheduled
bills that was hooked up to my checking account.

Unfortunately because there were two of every payment, Money assumed that
the new payments were early priciple pay-offs. Deleting the original
payments and letting Money recalculate the mortage solved this problem. I
also went through the amortization schedule renumbering the payments, so the
new payments were listed as the first set of payments not as additional
payments after the fact.

Thanks again!
--Matt

"Dick Watson" wrote:

- quote -

> So, if I follow correctly, you have a loan account and Money automatically
> entered loan payments to date for you during the setup process. You want a
> scheduled loan payment for now and the future to do the same but the wizard
> thought it was smarter than you and wouldn't create that scheduled loan
> payment. Is that a correct synopsis? If so...
> Go to the Bills page and create a new Loan Payment:[name of account] by
> hand. I can't see a reason this shouldn't work.
> "Matt" <Matt[at]discussions.microsoft.com> wrote in message
> news:269247F3-456A-45D6-8968-2B246B897093[at]microsoft.com...
> > I have set the loan up properly. The last screen of the loan creation
> > wizard asked me if I wanted to set up scheduled payments, but it wouldn't
> > let
> > me specify a date before today's date. So all of the loan payments are
> > recorded in my loan account, but are hooked up to my checking account up
> > to
> > my next payment which is properly hooked up.
> > > Is there any way to do this?

  #2  
Old 02-19-2007, 12:13 AM
Matt
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Posts: n/a
Default Re: how do i enter old loan payments into check register

I'm a little nervous that backdating the computer clock might screw up other
bills/deposits in MS Money. I would have given this a try if I hadn't solved
the problem using Dick Watson's suggestion first.

Thanks for the suggestion!
--Matt

"Chris Cowles" wrote:

- quote -

> Backdate the computer clock.
> "Matt" <Matt[at]discussions.microsoft.com> wrote in message
> news:269247F3-456A-45D6-8968-2B246B897093[at]microsoft.com...
> > Hello all,
> > > I'm using Microsoft Money 2005, and I'm having trouble hooking up a loan

> > account to my check register.
> > > I am a little behind on my financials, and I am trying to set up a fixed

> > 30
> > year loan account that began on 12/1/2005. I would like it to record all
> > of
> > the transaction details (pricipal, interest, etc.), and I would like all
> > of
> > the payments to entered in my checking account as transfers.
> > > I have set the loan up properly. The last screen of the loan creation

> > wizard asked me if I wanted to set up scheduled payments, but it wouldn't
> > let
> > me specify a date before today's date. So all of the loan payments are
> > recorded in my loan account, but are hooked up to my checking account up
> > to
> > my next payment which is properly hooked up.
> > > Is there any way to do this? This is very frustrating to me as it seems

> > like this should be an easy thing to do and Money is arbitrarily
> > preventing
> > me from syncing up my checking account with my loan account.
> > > --Matt

  #1  
Old 02-16-2007, 12:21 PM
Dick Watson
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Posts: n/a
Default Re: how do i enter old loan payments into check register

So, if I follow correctly, you have a loan account and Money automatically
entered loan payments to date for you during the setup process. You want a
scheduled loan payment for now and the future to do the same but the wizard
thought it was smarter than you and wouldn't create that scheduled loan
payment. Is that a correct synopsis? If so...

Go to the Bills page and create a new Loan Payment:[name of account] by
hand. I can't see a reason this shouldn't work.

"Matt" <Matt[at]discussions.microsoft.com> wrote in message
news:269247F3-456A-45D6-8968-2B246B897093[at]microsoft.com...
- quote -

> I have set the loan up properly. The last screen of the loan creation
> wizard asked me if I wanted to set up scheduled payments, but it wouldn't
> let
> me specify a date before today's date. So all of the loan payments are
> recorded in my loan account, but are hooked up to my checking account up
> to
> my next payment which is properly hooked up.
> Is there any way to do this?



 
Old 02-16-2007, 03:46 AM
Chris Cowles
Guest
 
Posts: n/a
Default Re: how do i enter old loan payments into check register

Backdate the computer clock.

"Matt" <Matt[at]discussions.microsoft.com> wrote in message
news:269247F3-456A-45D6-8968-2B246B897093[at]microsoft.com...
- quote -

> Hello all,
> I'm using Microsoft Money 2005, and I'm having trouble hooking up a loan
> account to my check register.
> I am a little behind on my financials, and I am trying to set up a fixed
> 30
> year loan account that began on 12/1/2005. I would like it to record all
> of
> the transaction details (pricipal, interest, etc.), and I would like all
> of
> the payments to entered in my checking account as transfers.
> I have set the loan up properly. The last screen of the loan creation
> wizard asked me if I wanted to set up scheduled payments, but it wouldn't
> let
> me specify a date before today's date. So all of the loan payments are
> recorded in my loan account, but are hooked up to my checking account up
> to
> my next payment which is properly hooked up.
> Is there any way to do this? This is very frustrating to me as it seems
> like this should be an easy thing to do and Money is arbitrarily
> preventing
> me from syncing up my checking account with my loan account.
> --Matt



  #-1  
Old 02-16-2007, 03:38 AM
Matt
Guest
 
Posts: n/a
Default how do i enter old loan payments into check register

Hello all,

I'm using Microsoft Money 2005, and I'm having trouble hooking up a loan
account to my check register.

I am a little behind on my financials, and I am trying to set up a fixed 30
year loan account that began on 12/1/2005. I would like it to record all of
the transaction details (pricipal, interest, etc.), and I would like all of
the payments to entered in my checking account as transfers.

I have set the loan up properly. The last screen of the loan creation
wizard asked me if I wanted to set up scheduled payments, but it wouldn't let
me specify a date before today's date. So all of the loan payments are
recorded in my loan account, but are hooked up to my checking account up to
my next payment which is properly hooked up.

Is there any way to do this? This is very frustrating to me as it seems
like this should be an easy thing to do and Money is arbitrarily preventing
me from syncing up my checking account with my loan account.

--Matt
 

Tags
check, enter, loan, payments, register
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