Hi Dick

Thanks for your comments.

I'm sure it's the loans that are not accounted for since my networth has
increased by the combined values of the loans, but only till the first
payment date when it calls right.

I've tried playing around with the loans and even tried setting them up with
zero payments, with first payment of zero due on the date of drawdown, and a
final balloon payment at the end of the loan period. I then tried modifying
the terms with the correct settings and commencing on the June 1 payment
date but still no change.

It's not really a big deal but is more of an annoyance since I don't think
it should work like this.

Thanks
KIWI

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%23LsMXVDiHHA.4036[at]TK2MSFTNGP06.phx.gbl...
- quote -

It's possible the report is just whacked when it tries to figure out what
date the loan starts from. There is no "starting date" associated with
"starting balance" of an account. They may try to derive such a thing from
first payment date. I don't know how they try to do this, but I can imagine,
knowing what I do of their database, that this could present some issues. In
this scenario, there's probably not much you can do.

You might want to play around with the report in question or some others to
make sure that the account balance that's not being accounted for is,
indeed, the loan balance.

I'm also wondering if something else is going on. Under "ideal"
circumstances, the closing on the condo should not have changed your net
worth--or only downward due to incurred expenses associated with closing.
Have you accounted for all of the money flow?

Now, if Money were designed My Way, the Loan Account would start at $0 and
have an initial transfer transaction that was dated and reflected where the
money went. Then the reporting error I'm supposing would be no problem.

"CanaKiwi" <john_hastie[at]nospamhotmail.com> wrote in message
news:e2VyWODiHHA.1240[at]TK2MSFTNGP04.phx.gbl...
- quote -

Hi

Money 2006

I've recently closed on a Condo and have created a Home Asset account as
well as 2 mortgage accounts.The first mortgage payments are not due till
June 1st. I used the wizard for creating the mortgages and everything looked
good until I viewed my Net Worth report.

It appears that the value of the Home account is factored in for the current
month but the corresponding mortgage liabilities are not so everything now
looks out of whack. Looking forward I can see that things correct
themselves but not until June when the first payment is made. It's like I
don't have a liability until the month that the payments are due...even
though I do have currently have the debt.

Have I done something wrong when setting up the new accounts or do I simply
need to make some adjustment somewhere?

TIA
Kiwi