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#1
12-20-2008, 02:35 AM
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 Re: Mortgage Loan Principal & Interest splits incorrect- Money 2007 "SteveBell" <respond[at]newsgroup.invalid> wrote in message news:%23g%23ddBnXJHA.5704[at]TK2MSFTNGP02.phx.gbl... - quote - > Money's calculations are definitely close enough for estimating
You can always post a balancing transaction to reconcile it to the> purposes. They should only be off by a few cents one way or the other. bank's amortization schedule, annually or semi-annually. |
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12-15-2008, 03:48 AM
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| Re: Mortgage Loan Principal & Interest splits incorrect- Money 2007 Ron D | 12/14/2008 | 4:02:00 PM wrote: - quote - > I discovered that my mortgage loan amortization schedule is incorrect
Money never gets the amortization exactly right; it's always off by at> in Money 2007 even though the terms are correct in the wizard. How do > you correct this? I can go back and manually correct the old > transactions splits (with much time) but how do you correct going > forward? I double checked the terms of the loan in the wizard and > they appear to be correct? least a few cents on each payment. I suspect that's because every lender calculates the amortization just a little differently. Every time you correct a payment, Money asks whether you want to recalculate all the future payments. I always tell it to go ahead, and the numbers seem to get closer to what's on my payment slips. Money's calculations are definitely close enough for estimating purposes. They should only be off by a few cents one way or the other. -- Steve Bell New Life Home Improvement Arlington, TX USA |
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#-1
12-14-2008, 09:02 PM
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| Mortgage Loan Principal & Interest splits incorrect- Money 2007 I discovered that my mortgage loan amortization schedule is incorrect in Money 2007 even though the terms are correct in the wizard. How do you correct this? I can go back and manually correct the old transactions splits (with much time) but how do you correct going forward? I double checked the terms of the loan in the wizard and they appear to be correct? -- Ron |
| Tags |
| 2007, incorrect, interest, loan, money, mortgage, principal, splits |
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