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#2
06-12-2007, 02:54 PM
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 Re: Keeping Track of Mortgage Account Thanks for the quick and complete response. -- Neil "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:uOGTxCQrHHA.3228[at]TK2MSFTNGP03.phx.gbl... - quote - > The typical way, assuming not Money Essentials (I note you clarify you are > using Deluxe, so this is for other readers) and using Advanced Registers, > is to have two accounts, one is the Loan Account which will track > principal balance, and a Cash Account to represent the escrow. The Loan > Payments include a Transfer:[name of escrow cash account]. Then you enter > payments form escrow to taxes/insurance as though paid from the escrow > cash account. See http://umpmfaq.info/faqdb.php?q=94. > "Remove ABCD from Email address to reply" <neil154ABCD[at]gmail.com> wrote in > message news:uPXxH8PrHHA.5032[at]TK2MSFTNGP02.phx.gbl... > > Please help me in keeping track of my mortgage account. I have set up an > > automatic payment for my mortgage which includes the mortgage payment, > > taxes and insurance. I am able to get Money to track the mortgage > > principal but I don't know how to keep track of the escrow account > > balance on a running balance. > > > Please let me know the right way so that I can always see the escrow > > balance. |
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#1
06-12-2007, 02:48 PM
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| Re: Keeping Track of Mortgage Account The typical way, assuming not Money Essentials (I note you clarify you are using Deluxe, so this is for other readers) and using Advanced Registers, is to have two accounts, one is the Loan Account which will track principal balance, and a Cash Account to represent the escrow. The Loan Payments include a Transfer:[name of escrow cash account]. Then you enter payments form escrow to taxes/insurance as though paid from the escrow cash account. See http://umpmfaq.info/faqdb.php?q=94. "Remove ABCD from Email address to reply" <neil154ABCD[at]gmail.com> wrote in message news:uPXxH8PrHHA.5032[at]TK2MSFTNGP02.phx.gbl... - quote - > Please help me in keeping track of my mortgage account. I have set up an > automatic payment for my mortgage which includes the mortgage payment, > taxes and insurance. I am able to get Money to track the mortgage > principal but I don't know how to keep track of the escrow account balance > on a running balance. > Please let me know the right way so that I can always see the escrow > balance. |
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06-12-2007, 02:38 PM
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| Re: Keeping Track of Mortgage Account Sorry, using Money 2007 Deluxe -- Neil "Remove ABCD from Email address to reply" <neil154ABCD[at]gmail.com> wrote in message news:uPXxH8PrHHA.5032[at]TK2MSFTNGP02.phx.gbl... - quote - > Please help me in keeping track of my mortgage account. I have set up an > automatic payment for my mortgage which includes the mortgage payment, > taxes and insurance. I am able to get Money to track the mortgage > principal but I don't know how to keep track of the escrow account balance > on a running balance. > Please let me know the right way so that I can always see the escrow > balance. > -- > Neil |
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#-1
06-12-2007, 02:36 PM
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| Keeping Track of Mortgage Account Please help me in keeping track of my mortgage account. I have set up an automatic payment for my mortgage which includes the mortgage payment, taxes and insurance. I am able to get Money to track the mortgage principal but I don't know how to keep track of the escrow account balance on a running balance. Please let me know the right way so that I can always see the escrow balance. -- Neil |
| Tags |
| account, keeping, mortgage, track |
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