[moneydance] Moneydance loan accounts

[Rick Flegel]

Hello Leslee,

I'm very new to using Moneydance, but maybe I can help.

If you go to the Accounts menu > Select New Account > Choose Loan this
should bring up a "Create Account: Loan" window that seems to have just
about everything one might need to enter for this type of account including:

Acct name, Principal, APR Loan Pointe, etc. I have not entered my loan
account yet as I need to start from mid loan and have some figuring yet to
do on how this is done.

Maybe this helps.

Good luck!
Rick


On 3/15/09 10:48 PM, "Dal Pal (NSM)" <NoSpam101M at spottedwonder.com> wrote:

> 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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