So, in your net worth it's additive? On the Account List page it shows as a
black positive number? The only reason I'm asking is that Money can be
misleading to people that understand the sign math because sometime it shows
backwards to help people who don't understand the sign math and are easily
confused.

"jbeucus" <jbeucus[at]discussions.microsoft.com> wrote in message
news:BA2A8B03-2A14-41D0-BBEE-79C49D7CC4EE[at]microsoft.com...
- quote -

You should be able to set up a new account and use the "other" category so
it sets up as a loan account with the correct interest rate and number of
remaining payments and the correct payment amt. This will take you to the
loan wizard section and everything should be the way to want it to be,
including the ability to create a recurring payment to the account.

You probably know this, but in the set up a new account routine, you can
create (if the loan is for acquiring an asset like a car) an asset account
for the value of the asset acquired with the loan. This will present a more
accurate picture in your financial information in the Net Worth Report. As
the asset (car, etc) depreciates or appreciates, you simply open the asset
account and make the adjusting entry. I do this annually for my cars.

Good luck.






"jbeucus" <jbeucus[at]discussions.microsoft.com> wrote in message
news:BA2A8B03-2A14-41D0-BBEE-79C49D7CC4EE[at]microsoft.com...
- quote -

It's not just that it's showing as a credit card instead of a loan, I could
live with that. The problem is that it's actually appearing in all of my
balances and budgets as a credit. It's kinda hard to keep track of my
finances when Money says Chase owes me 28k for my car.

I've still got the program; it's already back in the box with receipt, ready
to go back. But I'm open to suggestions.

Thanks
jb

"David R. Hetzer" wrote:

- quote -

Loans are credit accounts since they represent a liability. All liability
accounts are credit accounts and all asset accounts are debit accounts.

Why wouldn't you want to setup a loan acct in Money?


"jbeucus" <jbeucus[at]discussions.microsoft.com> wrote in message
news:61DD3E3C-1E1A-4124-A944-40252279747D[at]microsoft.com...
- quote -

I just received a response from MS on this yesterday. It seems the only way
around this is to create a loan account and keep it updated manually.

Personally, that's not what I bought the software for. I can do manual
accounting for free so the program's going back.

Sorry for the bad news.

-jb

"Matt" wrote:

- quote -

I have the same issue. I have a personal loan that set itself up in money as
a credit card. Anyone know how to change the account type?

"jbeucus" wrote:

- quote -

Help,

I've set up an online update for Chase. My account includes a credit card
and an auto loan. The credit card balance appears fine, but the auto loan
shows as a credit (don't I wish). How can I make the balance reflect the
unfortunate reality that I owe _them_.

Thanks