Ken, With my loans, this how I work the process:
1. Transfer a payment from a checking account to the loan account (the amount of this payment includes both the principal, interest, plus any management fees). 2. Split the transfer, ensuring that the Interest and Management Fees are not set up for transfer. I assign all parts of the split to the appropriate buckets. I manage all my accounts manually, and I do not import files. I do not know how this process would work if you were to import the files. Personally, I don't really like putting the final payout of the loan (that is, on the first day of the loan, listing the actual loan value as the Principle plus all future Interest payments). To me, this obscures the notion of future value and present value and makes net worth calculations extremely difficult, especially if the loan allows an early payoff option. Having the remaining principal amount listed as the loan amount helps me to know when/whether I can pay off the loan with other assets. Blair On Nov 13, 2008, at 12:02 AM, Ken wrote: > > Is there a better way of handling loans? > > When you import of QIF loan file, you get the interest and principal > amounts, but only the principal amounts would be subtracted from the > initial loan balance. It seems currently both interest and principal > is being subtracted. > > Any suggestions on how to manage loans? > > Thanks, Ken > > > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
