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| I'm not an MVP, so take this answer with a large grain of salt: Transactions that move money from a cash account to a liability account should generally be "Transfer:[name of acct]" category:subcategory. This puts an entry in each account for one transaction. Mortgages and other loan accounts use the special category of "Loan Payment:[name of acct]" which is a special form of transfer that is part transfer (for the principal reduction) and part an expense component for the interest expense. But I'm not an MVP, so don't take my word for it. Did you just start using Money97 very recently? "Ross Omar Garcia" <rossomar[at]swbell.net> wrote in message news:dc1f01c3bb56$297486f0$a601280a[at]phx.gbl... - quote - > Dear MVP, > When entering a payment, on the check register, in Money. > Does the payment automatically get added to another > account? Or do I have to manually add the payment to that > account too. > e.g. Pay the mortgage from my checking account as > Bills/Mortgage...and then manually go to Mortgage Account, > split for Mort. pymnt/int etc.? or Pay the mort. from > checking and Mort. pymnt is automatically updated? > Thanks for your help. > Sincerely, > Ross Omar |
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| Dear MVP, When entering a payment, on the check register, in Money. Does the payment automatically get added to another account? Or do I have to manually add the payment to that account too. e.g. Pay the mortgage from my checking account as Bills/Mortgage...and then manually go to Mortgage Account, split for Mort. pymnt/int etc.? or Pay the mort. from checking and Mort. pymnt is automatically updated? Thanks for your help. Sincerely, Ross Omar |