[moneydance] Moneydance loan accounts

Dal Pal (NSM) NoSpam101M at spottedwonder.com
Mon Mar 16 01:48:43 EDT 2009


I had several Quicken loan liability accounts which were converted to
straight liability accounts in Moneydance. The only one that is still open
is my house refinance so I set up a Moneydance loan account and changed
transactions for it. Refinance involved paying off 2 loans with associated
interest plus extra $$$ (total of 7 splits). What I did was transfer the
whole loan amount to my original mortgage and then split the money out of
that account. Does that make sense? Seemed to work okay.

My old payments included principal & interest but looks like Moneydance
doesn't include the interest on payments so I'm wondering if I'll be sorry I
did this since I'm paying extra on the principal each month. Guess I'll find
out at the end of the month.

Should I do anything with my old loans or just leave them as liability
accounts in Moneydance since all balances are $0.

Any help or suggestions GREATLY appreciated!

    Leslee

PS: I am SOOO glad that Moneydance uses Windows control key functions. I
can't begin to count the number of times I voided a Quicken transaction when
all I wanted to do was paste something into a transaction field!


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