"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:vcjo64pdf3i1ugodo03hm1of5f5ns931bl[at]4ax.com...
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You're right of course Cal. I was sure I had already tried both options but
obviously not. Thanks.

Bruce.

Thank you! I haven't tried the Excel add-in with MS Money, will play around
with that too. Thanks!

"Dick Watson" wrote:

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So, a LOAN account setup to model transactions is not what you want as it
assumes regular payments not a LOC kind of model. (I think a loan account
that modeled transactions was the only option in M03 and I'm almost certain
that it could model loans borrowing or spending but don't have one installed
to tell you the exact click path.)

No other type of account will automagically calculate interest. Excel is
frequently a very handy add-in to Money.

"Lu" <Lu[at]discussions.microsoft.com> wrote in message
news:98292986-37D1-49C5-A6F3-E6EAFF2176B7[at]microsoft.com...

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"Cal Learner-- MVP" wrote:

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Deluxe so the options you suggested doesn't all exists. I don't plan on
making regular repayments on this loan, only the interest I'm charging my
business every month, so it is kind of like a LOC except from me rather than
a bank. So I wanted some way to show that the $20K flowing out of my
personal account is really a loan to the business, and a $20K loan/liability
on my business balance sheet. If you have any more ideas please let me know.
I'm playing around with various account types of see what makes more sense
to me. Or maybe it's time for me to upgrade MS Money.

In microsoft.public.money, Bruce. wrote:

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I assumed you would select the "Track Transactions or other details"
button and then click next.

I have not tried out the "Just Track The Total Value" choice myself.

In microsoft.public.money, Dick Watson wrote:

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That is in
Tools-> Settings-> AccountSettings(global)-> DisplayAllAccountsInTheAdvancedRegister

Did you pick Track Transactions? When I pick that, I get what I expect which
is the Loan Wizard which will ask somewhere along the way if you are
borrowing or lending. I'm also wondering: are you using Advanced Register
for any accounts? There used to be a Tools|Settings to use Advanced Register
exclusively. I haven't figured out where that is in M+. It may be there, but
I don't know where.

"Bruce." <noone[at]example.net> wrote in message
news:ONFdlHL3IHA.1720[at]TK2MSFTNGP05.phx.gbl...
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"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:471o64d1imtpd23t620pgbhg29ig917dos[at]4ax.com...
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Cal, I've been trying to set up a loan I made to someone else. I'm looking
for that place you specify borrowing or lending but can't find it.

Money Plus

As you said, Account -> AddANewAccount. Choose other(loan) and loan. So
far so good. This brings me to a screen where it asks me to Just Track The
Total Value or Track Transactions or other details. The only buttons are
Finish and Cancel. If I pick Finish, it creates the account and takes me
back to the Account List. No where do I see the option for borrowing or
lending, or a "loan wizard". Any idea what I'm doing wrong?

Bruce.

In microsoft.public.money, Lu wrote:

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Make an extra copy or backup of your file in case you want to undo
something.

This description assumes you are planning a regular repayment
schedule. (If that is not the case, then this would probably not be
your best method.)

AccountList-> AddANewAccount. Choose other(loan) and loan...

Work your way into the loan wizard. Early in that process it will
ask if you are borrowing or lending. You are lending.

When filling out the questions, leave the payment amount blank, but
do fill in the interest rate. Money will compute the monthly
payment.

If this is what you want, play around a bit. If you do something you
don't like, remember you saved an extra copy or backup of your file.

hi, I have a question about how to model a personal loan to my own business?

The situation is this. I started my own business and I am basically lending
my personal business a $20K loan [at] 8% as start-up capital to purchase
equipments and such out of my personal bank account. Currently my business
does not have its own account, though it will later if the business succeeds.


Now to model in this MS Money, would the best way be to:
1 - create a virtual bank account, transfer money into that account and
enter the equipment purchase transactions in that virtual bank account
2 - create a separate loan account for the total dollar amount loaned to the
business [at] a specify interest rate?

btw, can MS Money auto-calculate interest charge on the outstanding loan
amount given the interest rate?

Thanks.