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  #3  
Old 02-06-2008, 05:31 PM
Dick Watson
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Posts: n/a
Default Re: loan transaction problem

That's a start. But it leaves me with more questions.

Are you using Money 2007 Deluxe or Premium? Are you using Essential or
Advanced Register in Money?

So you have two Investment Accounts setup as 401(k) type accounts in Money?

How are the loans modeled in the Investment Accounts? As Investments?

What are you actually updating in Money using the statements and the 401k
Manager? The total 401(k) account balance? The value of individual
investments? (Money's 401(k) account stuff knows nothing about 401(k) loans
so any modeling of them leaves lots to the imagination of the user.)

Do your 401(k) accounts hold any positions in the same investments?

If you have setup the loans as Investments for the 401(k)s, have you used
the same investment for both loans or setup a separate investment for each
loan? (I can readily see this--using the same investment as the holding for
two different Loan "investments" in two dirfferent Investment Accounts--as
something that would cross-couple updates to one account into the value of
the other. It's the only concrete theory I have given the data you have
provided.)

Let me try to give you an example of this case:

Investment Account "Employer X 410(k)" holds, say, 10,000 shares of
Investment "BigMegaGood Fund" at $5 per share. It also holds 5,432.10 shares
of "401(k) Loan" Investment at $1 per share.

Investment Account "Employer Y 410(k)" holds, say, 5,000 shares of
Investment "MakeLotsaMoney Fund" at $10 per share. It also holds--prior to
the update of the "Employer X 410(k)" account--1 share of "401(k) Loan"
Investment at $1,234.56 per share.

Problem is that Money only knows how to store one latest value per share for
each investment. Overloading of the investment "401(k) Loan" with two
different ways of valuing it will be problematic as in the following
continuation of the example:

You update the value of "401(k) Loan" Investment in "Employer X 410(k)"
Investment Account to be $5,321.09. Money uses the fact that you previously
told it you had 5,432.10 shares of this investment to now calculate that
shares of "401(k) Loan" Investment are now worth $5,321.09/5,432.10 or about
$0.9795 per share. But when it applies this value for the investment to the
holding of the same investment in the "Employer Y 410(k)" Investment Account,
now it finds that the one share of that investment is no longer worth
$1,234.56 but is now worth $0.9795. the difference will be a (false) drop in
your "Employer Y 410(k)" total value.

If this is a good supposition--and it's really a wild educated guess that
requires I extrapolate a LOT from the info you have provided--the way to
solve it is decouple the investments representing the Loans to two separate
ones or be sure to use the one investment as a $1 per share Money Market Fund
type or similar where the positions in shares matches the dollar balance of
the loans.

As to why this would have just started happening, I can't say. But 401(k)
Manager has LONG been known for being problematic. I use the Quick Update
link (I think that's what it's called) from the bottom of the Account Summary
page.

"jwmatorres" wrote:

- quote -

> I am using Money 2007. I have 2 401K loans; 1 with Principal and 1 with JP
> Morgan. I don't request the electronic download, I just update them myself
> through 401K Manager then "Update this Account". These loans are not linked
> in any way to each other. But for what ever reason they are changing each
> other when i enter from 1 or the other. DO you think that I should try to
> download the info electronically from the 401K site? Also I have had these
> loans for about 1 year now and never had this problem when i updated before.

  #2  
Old 02-06-2008, 03:48 PM
jwmatorres
Guest
 
Posts: n/a
Default Re: loan transaction problem

I am using Money 2007. I have 2 401K loans; 1 with Principal and 1 with JP
Morgan. I don't request the electronic download, I just update them myself
through 401K Manager then "Update this Account". These loans are not linked
in any way to each other. But for what ever reason they are changing each
other when i enter from 1 or the other. DO you think that I should try to
download the info electronically from the 401K site? Also I have had these
loans for about 1 year now and never had this problem when i updated before.

I hope that this is more information for assistance.
Thanks for your time
Wendy
--
wendy


"Dick Watson" wrote:

- quote -

> Probably not without a lot more help from you. I suspect your post mostly
> just left people scratching their heads. I know if left me that way. Just
> some of the questions I came up with before I gave up trying:
> What version of Money/edition of Money? Are downloaded transactions
> involved? From Bank A? Bank B? From the 401(k) administrator? How does one
> 401(k) account relate to two lenders/two loans? Do you have two loan
> accounts setup in Money? (Generally, there is no way to balance a Loan
> Account in Money, so that confused me as well.) When you say 401(k) account
> are you talking in the real world or in Money? You say you entered statement
> info from Bank A. But what info from the statement and where did you enter
> it? (In an account as transactions? Ending balance in the balance account
> genie?) You say you balanced Bank B, but B is a Bank, not an Account!?!???!
> What kind of Account was it you balanced? A Loan Account? Then you say you
> went back to the Money Account. Which one? Back from where? Weren't you in
> Money when you "balanced Bank B"? You say you went to Bank A and corrected
> the loan amount. What does this mean in Money terms? You redefined the setup
> of a Loan Account? You entered a transaction to increase/decrease the ending
> balance? Are we talking a problem caused by Transfer type transactions? Or
> one caused by bad account information screwing up downloads? I just don't
> have a clue which direction to go in to help you.
> There are lots of people here who would like to help. Seriously. But you
> need to tell us what you have setup in Money and what you did in Money and
> how and what you were expecting Money to do and what it did instead. And you
> need to tell us this in terms we will recognize relative to what they mean
> to Money. If we can't begin to recreate in our heads the scenario you have,
> we really can't begin to help in any efficient way at all. It's like going
> to the doctor and saying that you saw your prune and now your tree is
> feeling a bit granite but maybe it is because you said a thing in her deal.
> "jwmatorres" <jwmatorres[at]discussions.microsoft.com> wrote in message
> news:96BF44FA-83FA-4310-8223-F7007F695F2C[at]microsoft.com...
> > IS there anyone that can help me solve this problem?????
> > --
> > wendy
> > > > "jwmatorres" wrote:
> > > > I have 2 loans with 2 different lenders through our 401K account, 1 with
> > > bank
> > > A and 1 with Bank B. When i went and entered the statement info from
> > > Bank A
> > > everything was fine. Then I balanced Bank B and everything was fine. I
> > > went
> > > back to the Money Account and noticed that Bank A balance changed
> > > drastically. I looked at it and someone Bank B loan is now there. Both
> > > the
> > > account with Bank A and Bank B have different names. Then I went back to
> > > Bank A corrected the loan amount, went back to the Home and now Bank B is
> > > different. I have looked everywhere to see what could be causing this
> > > and
> > > can figure it out. I have been going back and forth betwen the account
> > > for
> > > over 1 hour thinkin i will try it one more time and maybe it will stay.
> > > > > Please Help how can i get the loan to stay with their own bank.

  #1  
Old 02-06-2008, 02:30 AM
Dick Watson
Guest
 
Posts: n/a
Default Re: loan transaction problem

Probably not without a lot more help from you. I suspect your post mostly
just left people scratching their heads. I know if left me that way. Just
some of the questions I came up with before I gave up trying:

What version of Money/edition of Money? Are downloaded transactions
involved? From Bank A? Bank B? From the 401(k) administrator? How does one
401(k) account relate to two lenders/two loans? Do you have two loan
accounts setup in Money? (Generally, there is no way to balance a Loan
Account in Money, so that confused me as well.) When you say 401(k) account
are you talking in the real world or in Money? You say you entered statement
info from Bank A. But what info from the statement and where did you enter
it? (In an account as transactions? Ending balance in the balance account
genie?) You say you balanced Bank B, but B is a Bank, not an Account!?!???!
What kind of Account was it you balanced? A Loan Account? Then you say you
went back to the Money Account. Which one? Back from where? Weren't you in
Money when you "balanced Bank B"? You say you went to Bank A and corrected
the loan amount. What does this mean in Money terms? You redefined the setup
of a Loan Account? You entered a transaction to increase/decrease the ending
balance? Are we talking a problem caused by Transfer type transactions? Or
one caused by bad account information screwing up downloads? I just don't
have a clue which direction to go in to help you.

There are lots of people here who would like to help. Seriously. But you
need to tell us what you have setup in Money and what you did in Money and
how and what you were expecting Money to do and what it did instead. And you
need to tell us this in terms we will recognize relative to what they mean
to Money. If we can't begin to recreate in our heads the scenario you have,
we really can't begin to help in any efficient way at all. It's like going
to the doctor and saying that you saw your prune and now your tree is
feeling a bit granite but maybe it is because you said a thing in her deal.

"jwmatorres" <jwmatorres[at]discussions.microsoft.com> wrote in message
news:96BF44FA-83FA-4310-8223-F7007F695F2C[at]microsoft.com...
- quote -

> IS there anyone that can help me solve this problem?????
> --
> wendy
> "jwmatorres" wrote:
> > I have 2 loans with 2 different lenders through our 401K account, 1 with
> > bank
> > A and 1 with Bank B. When i went and entered the statement info from
> > Bank A
> > everything was fine. Then I balanced Bank B and everything was fine. I
> > went
> > back to the Money Account and noticed that Bank A balance changed
> > drastically. I looked at it and someone Bank B loan is now there. Both
> > the
> > account with Bank A and Bank B have different names. Then I went back to
> > Bank A corrected the loan amount, went back to the Home and now Bank B is
> > different. I have looked everywhere to see what could be causing this
> > and
> > can figure it out. I have been going back and forth betwen the account
> > for
> > over 1 hour thinkin i will try it one more time and maybe it will stay.
> > > Please Help how can i get the loan to stay with their own bank.



 
Old 02-05-2008, 10:38 PM
jwmatorres
Guest
 
Posts: n/a
Default RE: loan transaction problem

IS there anyone that can help me solve this problem?????
--
wendy


"jwmatorres" wrote:

- quote -

> I have 2 loans with 2 different lenders through our 401K account, 1 with bank
> A and 1 with Bank B. When i went and entered the statement info from Bank A
> everything was fine. Then I balanced Bank B and everything was fine. I went
> back to the Money Account and noticed that Bank A balance changed
> drastically. I looked at it and someone Bank B loan is now there. Both the
> account with Bank A and Bank B have different names. Then I went back to
> Bank A corrected the loan amount, went back to the Home and now Bank B is
> different. I have looked everywhere to see what could be causing this and
> can figure it out. I have been going back and forth betwen the account for
> over 1 hour thinkin i will try it one more time and maybe it will stay.
> Please Help how can i get the loan to stay with their own bank.
> --
> wendy

  #-1  
Old 02-02-2008, 03:09 PM
jwmatorres
Guest
 
Posts: n/a
Default loan transaction problem

I have 2 loans with 2 different lenders through our 401K account, 1 with bank
A and 1 with Bank B. When i went and entered the statement info from Bank A
everything was fine. Then I balanced Bank B and everything was fine. I went
back to the Money Account and noticed that Bank A balance changed
drastically. I looked at it and someone Bank B loan is now there. Both the
account with Bank A and Bank B have different names. Then I went back to
Bank A corrected the loan amount, went back to the Home and now Bank B is
different. I have looked everywhere to see what could be causing this and
can figure it out. I have been going back and forth betwen the account for
over 1 hour thinkin i will try it one more time and maybe it will stay.

Please Help how can i get the loan to stay with their own bank.
--
wendy
 

Tags
loan, problem, transaction
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