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  #4  
Old 12-13-2007, 12:48 AM
Cal Learner-- MVP
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Default Re: Mortgage Int. Payment not in Budget

In microsoft.public.money, RCD wrote:

- quote -

> Does my income from a note have to appear under "EXPENSES: DEBTS" or is there
> a way to get that to appear as "INCOME"? The note appears correctly as an
> "Asset" in other reports.


Try doing a Move of that category to a new one called
Loan Interest Earned, which you set up as INCOME. If you don't like
the results, File-> Restore to a backup to undo.

When setting up the loan I see that the categories listed are only
EXPENSE. However you can type the category in.
  #3  
Old 12-12-2007, 11:17 PM
Chris Cowles
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Default Re: Mortgage Int. Payment not in Budget

"RCD" <RCD[at]discussions.microsoft.com> wrote in message
news:9A2762C5-A2D7-4E18-B5D1-F70B6223E07B[at]microsoft.com...
- quote -

> Does my income from a note have to appear under "EXPENSES: DEBTS" or
> is there
> a way to get that to appear as "INCOME"? The note appears correctly
> as an
> "Asset" in other reports.


I have no clue. I've never played with loan account for money lent.
Make a backup, try it out, and report back.


  #2  
Old 12-12-2007, 01:46 PM
RCD
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Default Re: Mortgage Int. Payment not in Budget

Does my income from a note have to appear under "EXPENSES: DEBTS" or is there
a way to get that to appear as "INCOME"? The note appears correctly as an
"Asset" in other reports.

"Chris Cowles" wrote:

- quote -

> "RCD" <RCD[at]discussions.microsoft.com> wrote in message
> news:6AA4730E-D122-4FFD-BFA1-AE40C8732049[at]microsoft.com...
> > > Is that not possible?

> Correct. It is not.
> With respect to budget and cash flow, you just have to accept it as
> one of those things about Money that doesn't comply with your way of
> thinking. The information you'd like is available through the
> amortization report and net worth over time.
> Because the debt payment is included in the budget and you cannot
> change that, take care not to include mortgage interest, or other
> expenses like property taxes, paid in that manner, in the budget.
> Also, if you recorded escrow payments as transfers to an escrow
> account, review the 'transfers out of budget' category to confirm that
> you're not double-counting them. If you do track the escrow account,
> include it in the budget. That prevents transfers in to it from
> appearing in 'transfers out' of checking.
> --
> Chris Cowles
> Gainesville, FL

  #1  
Old 12-12-2007, 01:51 AM
Chris Cowles
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Posts: n/a
Default Re: Mortgage Int. Payment not in Budget

"RCD" <RCD[at]discussions.microsoft.com> wrote in message
news:6AA4730E-D122-4FFD-BFA1-AE40C8732049[at]microsoft.com...
- quote -

> Is that not possible?

Correct. It is not.

With respect to budget and cash flow, you just have to accept it as
one of those things about Money that doesn't comply with your way of
thinking. The information you'd like is available through the
amortization report and net worth over time.

Because the debt payment is included in the budget and you cannot
change that, take care not to include mortgage interest, or other
expenses like property taxes, paid in that manner, in the budget.
Also, if you recorded escrow payments as transfers to an escrow
account, review the 'transfers out of budget' category to confirm that
you're not double-counting them. If you do track the escrow account,
include it in the budget. That prevents transfers in to it from
appearing in 'transfers out' of checking.
--
Chris Cowles
Gainesville, FL


 
Old 12-11-2007, 04:46 PM
RCD
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Posts: n/a
Default RE: Mortgage Int. Payment not in Budget

More about my problem. The "Actual expenses" do show up in a category named
"DEBT". I actually have two mortgages to track. One mortgage is related to an
investment and I would like to track that separately from my home mortgage. I
also have income from a note. That is also a part of the "DEBT" figure rather
than appearing as "Income". I think "DEBT" should report the reduction in
principal and report the interest portion of my mortgage payment separately.
Is that not possible?

"RCD" wrote:

- quote -

> I have a "Bill" setup for mortgage payments. The interest payments show
> correctly in my budget when I view "Transactions" for that budget item but
> the screen report and the printed report both show no "Actual" expense.
> I do have my mortgage setup as an account.
> I have other "Bill" expenses that work correctly with my budget.
> How can I get the "Transaction" figures to show in the "Budget?

  #-1  
Old 12-11-2007, 04:09 PM
RCD
Guest
 
Posts: n/a
Default Mortgage Int. Payment not in Budget

I have a "Bill" setup for mortgage payments. The interest payments show
correctly in my budget when I view "Transactions" for that budget item but
the screen report and the printed report both show no "Actual" expense.
I do have my mortgage setup as an account.
I have other "Bill" expenses that work correctly with my budget.
How can I get the "Transaction" figures to show in the "Budget?
 

Tags
budget, int, mortgage, payment
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