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| In microsoft.public.money, new2money wrote: - quote - > I'm working in Money 2006 Small Business for a small used car lot -- we carry
An idea is to set up a Loan account. When you create the account, it> the loans for the cars we sell. I need to find a way to set everthing up so > that when a customer purchases a car, Money will figure the loan, charge the > interest, track the payments, remind when a payment is over-due, etc. > I tried to do so under "Business", set up Accounts Receivable and created in > invoice for a customer. However, I can't figure out how to do the interest, > etc. Can anyone give me an idea of how to do this? Thanks! I appreciate > any help! will ask if you are lending or borrowing. http://umpmfaq.info/faq.html#S23 is oriented to borrowing, but some of the items could be useful. I am not going to be getting into the details. I suggest you put test data into a test file to see if/how this will do the job. |
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| I'm working in Money 2006 Small Business for a small used car lot -- we carry the loans for the cars we sell. I need to find a way to set everthing up so that when a customer purchases a car, Money will figure the loan, charge the interest, track the payments, remind when a payment is over-due, etc. I tried to do so under "Business", set up Accounts Receivable and created in invoice for a customer. However, I can't figure out how to do the interest, etc. Can anyone give me an idea of how to do this? Thanks! I appreciate any help! |
| Tags |
| accounts, charging, interest |
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