Loan payment category issue

#1 08-04-2007, 01:40 PM

There is no Money 2006 UK. You must be running the US version!

The latest UK version is M2005.

--
Regards
Bob Peel,
Microsoft MVP - Money

For UK tips & fixes see
http://support.microsoft.com/default...d=fh;EN-GB;mny.

I do not respond to any emails that I have not specifically asked for.

"Colin200666" <Colin200666[at]discussions.microsoft.com> wrote in message
news:A8EAEA7B-C990-4287-91D9-2730DE82183A[at]microsoft.com...
- quote -

> Hi there,
> In Money2006 (UK), the mortgage loan payment has been categorised as a
> payslip (with the principle and interest listed under wages - deductables
> fields are blank). The total amount paid to the loan is listed correctly
> in
> the total and the payment is correctly linked to the mortgage account.
> However, the bill payment seems to be reverse - under the bill payment, it
> is
> recorded as a negative deposit into the linked current account.
> If I try and edit the bill series so the category is assigned as a loan
> payment, M2006 asks if I really want to change this to a loan payment and
> edit the splits (well obviously I do). However, M2006 then has a problem
> with the splits on the payment - it doubles the loan payment as a credit
> to
> make sure it balances. It can't correctly re-assign the split as it is
> still
> being treated as deposit to the current account which is then scheduled to
> receive a deposit rather than make a payment.
> Any suggestions?
> Colin Green

08-04-2007, 12:26 PM

Sometimes, for reasons entirely unknown, M03-6 (is it 7? Can't remember if
I've seen this in 7) when you go to edit or enter a scheduled split
transaction that isn't a paycheck it morphs into one. If you see it fast
enough and Cancel, all is fine. If you enter it, you are hosed. My best
suggestion is to go look at the scheduled series and see if it's Loan
Payment still. If so, edit the series move the date back and increase the
number remaining to cover any bad ones entered. Delete the bad ones entered.
Enter them again from the corrected scheduled series. If the scheduled one
is morphed,. the best bet seems to be deleting the series and starting over
scheduling it.

See http://umpmfaq.info/faqdb.php?q=106.

"Colin200666" <Colin200666[at]discussions.microsoft.com> wrote in message
news:A8EAEA7B-C990-4287-91D9-2730DE82183A[at]microsoft.com...
- quote -

> In Money2006 (UK), the mortgage loan payment has been categorised as a
> payslip (with the principle and interest listed under wages - deductables
> fields are blank). The total amount paid to the loan is listed correctly
> in
> the total and the payment is correctly linked to the mortgage account.
> However, the bill payment seems to be reverse - under the bill payment, it
> is
> recorded as a negative deposit into the linked current account.
> If I try and edit the bill series so the category is assigned as a loan
> payment, M2006 asks if I really want to change this to a loan payment and
> edit the splits (well obviously I do). However, M2006 then has a problem
> with the splits on the payment - it doubles the loan payment as a credit
> to
> make sure it balances. It can't correctly re-assign the split as it is
> still
> being treated as deposit to the current account which is then scheduled to
> receive a deposit rather than make a payment.
> Any suggestions?

#-1 08-04-2007, 08:50 AM

Hi there,

In Money2006 (UK), the mortgage loan payment has been categorised as a
payslip (with the principle and interest listed under wages - deductables
fields are blank). The total amount paid to the loan is listed correctly in
the total and the payment is correctly linked to the mortgage account.
However, the bill payment seems to be reverse - under the bill payment, it is
recorded as a negative deposit into the linked current account.

If I try and edit the bill series so the category is assigned as a loan
payment, M2006 asks if I really want to change this to a loan payment and
edit the splits (well obviously I do). However, M2006 then has a problem
with the splits on the payment - it doubles the loan payment as a credit to
make sure it balances. It can't correctly re-assign the split as it is still
being treated as deposit to the current account which is then scheduled to
receive a deposit rather than make a payment.

Any suggestions?

Colin Green

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