Scott,

Thought a little more about your question since my last response.
Another way you could handle your escrow account is to create a cash
account unassociated with a financial institution. Each month when
you set aside some money to savings for your future bills, also pay
the appropriate portion of each bill out of the cash account as if you
were making installment payments.

The cash account will continue to go negative each month as you pay
each portion. When you actually make the payment, I assume you
transfer from savings to checking and then pay the total bill.
Instead of showing the actual payment as a bill payment show it as a
transfer to the cash account to reconcile the negative balance back to
zero.

You can either set up a separate cash account for each bill
(insurance, auto, etc.) or use just one cash account.

Hopefully, this addresses your question better than before.

Regards,
John Buschman










"scott" <scottlacross[at]yahoo.com> wrote in message news:<18af201c44bf5$30dd59a0$a301280a[at]phx.gbl> ...
- quote -

Scott,

Just set up the savings account as you would any other. Transfer
money into the account to set it aside and back out to your checking
when you go to pay. The category will be assigned when you make the
payment from checking. All transactions into and out of your savings
will just be transfers. Hope this helps.

Regards,
John Buschman


"scott" <scottlacross[at]yahoo.com> wrote in message news:<18af201c44bf5$30dd59a0$a301280a[at]phx.gbl> ...
- quote -

We have a separate savings account to act as a sort of
escrow account for large expenses like car insurance,
homeowner's insurance, car maintenance, etc. that come
every year or every six months. Does anyone know how to
create an escrow account in Microsoft Money (if this is
possible)? We put a certain amount of money into this
special savings account each month and want to account
for that in our budget since we are obviously taking it
out of our checking. But, when we go to pay one of these
expenses, is there a way to "zero" the budgeted item to
start over with tracking how much we have put aside? We
would think there is an easier way built into Microsoft
Money to do this.